Kosovo to save at least €15 mill annually through MCC agreement

Kosovo’s Minister for Economy, Artane Rizvanolli, said at a meeting with a delegation from the United States Millennium Challenge Corporation (MCC) that the compact program for Kosovo approved recently is the biggest investment to date and the highest in the region.

She said Kosovo would save up to 15 million euros annually by implementing the program.

Rizvanolli said the USD 236.7 million programs, of which the Government of Kosove pledges 35, will secure Kosovo energy reserves that will stabilize the network frequencies as well and enable the use of the energy stored at night-time for the busiest hours during the day. She said the program will also develop the skills of the workforce and aims to increase gender representation in the energy sector.

MCC director for Kosovo, Sarah Olmstead, meanwhile said that the program will help Kosovo in the clean energy field, and “considering the war in Ukraine and challenges of last winter, the feeling was that Kosovo should not waste time in taking on this program.” She said she expects the Kosovo Assembly to approve the agreement as quickly as possible.