South Eastern Europe is a region experiencing strong demand growth, but has inadequate, old generating capacity due to years of severe underinvestment. The old technology must be rapidly replaced to help meet the urgent investment needs of the region’s fast-growing economies, while also keeping up with new environmental regulations. In addition, significant new generating capacity is needed to fuel and sustain expected economic growth. Analysts estimate that nearly 25,000 MW of capacity will be needed over the next 10-15 years, including both new construction and environmentally compliant repowering of existing assets.

To help meet the urgent investment needs, we have partnered with a strong, regional player, Greece’s electricity company, Public Power Corporation (PPC) to form a partnership with the goal of providing much-needed investment in this important region.

Kosovo

ContourGlobal and PPC have been short-listed to develop lignite-fired power plants and a new lignite mine in Kosovo, an area containing some of the largest high-quality lignite deposits on the planet. The first stage of the plan calls for the development of a new lignite mine and the construction of a new 2,100 MW power plant (Kosovo C) and associated transmission capacity. The final piece of the project is the rehabilitation of an 800 MW power plant (Kosovo A). An independent study undertaken on behalf of the World Bank identified this project as the least-cost option to generating electricity in the entire South Eastern European region.