Terms of use


Pages optimized
for the resolution:
1024 x 768

Programed by:


| All | Kosovo | Region | World |


ContourGlobal and PPC to Ink Venture in Kosovo Lignite

Athens, Oct 19, 2006 - The Public Power Corp (PPC) and US energy firm ContourGlobal are set to finalize the structure of a joint venture and decide on a bid for a lignite field in Kosovo, a PPC source told Reuters.

“The joint venture’s board will comprise six members, with three from PPC and three from Contour,” the source said. “A decision on an expression of interest for the Kosovo fields will also be taken.”

The two sides were expected to meet later yesterday in Athens to finalize the agreement, the source said.

The joint venture’s main focus will initially be in South-eastern Europe in the fields of mining, the generation of electricity and renewable energy resources. It could expand into the broader Mediterranean region in the future, the source said.

The two groups will initially each control a 50 percent stake.

The European Bank for Reconstruction and Development (EBRD) has also expressed an interest in being part of the joint venture as an equity partner and will probably join with a 10 percent stake by the end of next month, the source said.

Constantinos Panousopoulos, strategic adviser to PPC’s management, will be named CEO of the joint venture company, with ContourGlobal president Joseph Brandt its chairman and PPC head Dimitris Maniatakis the vice president.

An expression of interest in developing Kosovo’s lignite fields will probably be one of the venture’s first forays into the region.

The Government of Kosovo is expected to soon tender contracts to develop its lignite fields in the Sibovc region and build power generation plants. PPC is seeking to secure alternate sources of lignite as Greece liberalizes its energy market allowing competitors access to the cheap fuel.

| All | Kosovo | Region | World |


| Site Map | About ECIKS | Home | Projects | News | Investing | Publications | Services |
| Contact | Staff |
Terms of use | Links |
| Archives | Albanian | English |

Copyright 2003 - 2005 @ Eciks.org
Reproduction in whole or in part without written permission is strictly prohibited.


Background information for foreign investors

Kosovo: General Information
Kosovo: Key economic indicators
Why do business in Kosovo?
Legal Framework in Kosovo
KTA and Privatisation in Kosovo

Latest News and Analysis

BNP Paribas Bank enters Kosovo
Kosovo to prepare for negotiations to join WTO
Kosovo: 200 million EUR investments by Telecom Slovenia
Kosovo: 2008 – the year of economy
Kosovo Government to finance the new highway

Current publications

Company Foundation, Taxes and Employment Law in Kosovo
Company Foundation and Taxes in Kosovo
Potential of economic sectors and enterprises in Kosovo
Program of Recovery and Production in Ferronikeli (in English)
Guide for starting new companies / enterprises in Kosovo (Updated version)