Prishtina, 08 March 2013 – The Ministerial
Committee on Publicly-Owned Enterprises (MCPOE), acting on behalf of the
shareholder of the Kosovo Energy Corporation (KEK), requested from KEK’s Board
of Directors to dismiss the Managing Director of KEK J.S.C., in conformity with
its responsibilities according to applicable legislation.

In its extraordinary meeting held today, MCPOE reviewed the current
situation related to consumers’ complaints regarding January 2013 invoices, and
based on the report of the Energy Regulatory Office (ERO) on consumer
dissatisfaction with electricity bills for this month, which depicts numerous
omissions, requested from KEK’s Board of Directors to take adequate measures
against its Managing Director.

“ERO Board opines that KEK should have
better managed the situation created by the incorrect reading of electric
meters, as proven by consumer complaints and reflected in increased consumer
dissatisfaction,” says the said ERO report.

“KEK has erred in reading consumers’
meters, since in certain analyzed appeals related to the meter reading and
billing of tariff consumers, it failed to read (bill) consumers on the same day
of the month as in the previous months. In all analyzed cases, this had a
negative impact on the electricity invoice, as the transfer of used energy from
December to January resulted in: decreased invoices for December 2012; increased
invoiced for January 2013, and transfer of losses from January 2013 to December
2012,” states the report.

ERO also requested from KEK to act in
conformity with applicable rules and procedures in the future, in order to
avoid such omissions.

The Committee further assessed that the
shareholder, in conformity with its legal and institutional competencies, has
undertaken concrete actions aimed at avoiding any further expansion of
dissatisfaction among citizens, respectively consumers of the Kosovo Energy
Corporation, however, based on factual and legal evidence presented, the Board
of Directors did not fulfill the shareholder’s request.

In this context, it was assessed that
the irresponsible action of Kosovo Energy Corporation unreasonably influenced
the creation of a deep lack of trust among citizens regarding the services
provided by the said publicly-owned enterprise.