ContourGlobal halts plans to build Kosovo coal-fired power plant
2020-03-19 08:46:49 [Print]
London-listed power generator ContourGlobal has halted plans to build a 500 megawatt coal-fired power plant in Kosovo, and said it will make no further coal plant investments.
The project would have provided around half of the electricity demand of the Balkan country which is struggling with power shortages.
"We will not develop or acquire coal power plants in the future," the company said in its full-year results statement on Tuesday.
Kosovo last month approved a new coalition government almost four months after a snap election following the prime minister's resignation. "As a result of the political situation in Kosovo, our development project is incapable of reaching its milestones prior to the required project completion date," ContourGlobal said.
The project would have provided around half of the electricity demand of the Balkan country which is struggling with power shortages.
"We will not develop or acquire coal power plants in the future," the company said in its full-year results statement on Tuesday.
Kosovo last month approved a new coalition government almost four months after a snap election following the prime minister's resignation. "As a result of the political situation in Kosovo, our development project is incapable of reaching its milestones prior to the required project completion date," ContourGlobal said.
