Kosovo to invest 10 mln euro in PV project backed by EU, Germany

KEK will provide 10 million euro to co-finance the project estimated to cost 103.7 million euro, to be developed in the Obiliq area, near the Kosovo capital city, Rizvanolli said in a social media post on Tuesday.

The EU is providing a grant of 32 million euro through the Western Balkans Investment Framework (WBIF), as well as a 33 million euro investment loan via the European Investment Bank (EIB), whereas Germany will provide a 29 million euro loan through its development bank KfW, EIB said earlier this month.

The plant, with a peak capacity of 120 MW, according to the EIB, is set to produce 169 GWh of electricity annually.

($=0.923 euro)