Washington DC, 27 July 2022
In the spaces of the American Congress, the agreement between the Republic of Kosovo and the United States of America, represented by the Millennium Challenge Corporation (MCC), in the amount of 236.7 million dollars has been signed.
The delegation of the Republic of Kosovo, led by President Vjosa Osmani Sadriu, Prime Minister Albin Kurti and Minister of Economy, Artane Rizvanolli, has been welcomed in the premises of the US Congress by the US delegation led by Congressman Bill Keating, former Chairman of the HFAC Subcommittee on Europe, Energy, Environment and Cyber.
The MCC delegation was led by the Chief Executive Officer of the MCC, Alice Albright, who signed the agreement, alongside Minister Rizvanolli, who signed on behalf of the Government of the Republic of Kosovo, under the supervision of the high political level of both countries, represented by the President and the Prime Minister of the country, and by the congressmen of the Subcommittee on Europe, Energy, the Environment and Cyber, chaired by Mr Keating.
Prime Minister Kurti emphasized that this will be the largest and most innovative investment in the energy sector in Kosovo to date.
The Compact Program will be the cornerstone of our green transition and will contribute to our energy security as well as socio-economic transformation. Today, we are not only marking a historic cooperation on common goals in the energy sector, but we are also celebrating the close relations and common values between our two countries, said Prime Minister Kurti.
The signing follows the unanimous confirmation of the Compact Program by the MCC Board of Directors, as well as the successful negotiation in May of this year. The signing has paved the way for the acceleration of the project implementation process, for which there is full agreement from the American delegation.
Minister Rizvanolli expressed her gratitude to the Kosovo Government and MCC teams for the great work done to get this far. She pledged to continue cooperation with dedication to complete the program in the shortest possible time.
At a critical time for Kosovo’s energy sector, I am more than proud to sign such an important agreement on behalf of the Republic of Kosovo for the energy sector and the country’s economy, said Minister Rizvanolli.
The Compact Program will include three projects:
1. Energy reserves and arbitrage of 340 MWh,
2. The development of the workforce, with special emphasis on the inclusion of women in the energy sector, and
3. The American Catalyst Facility for Development project, which aims to promote private sector financing from the International Development Finance Corporation (DFC) of the United States in Kosovo.
Investments of the Compact Program will be owned by the Republic of Kosovo, and mark one of the most important development collaborations between the Republic of Kosovo and the United States of America.
Last modified: July 28, 2022