Kosovo has signed a $236.7 million agreement with the United States government agency to support its energy sector, promote women’s participation and boost development.
Kosovo President Vjosa Osmani’s office on Thursday said the deal with the Millennium Challenge Corporation, or MCC, was signed a day earlier at the American Congress in Washington.
“Today, the USA through the MCC, reaffirmed its steadfast support for our new republic and its willingness to help us advance further in terms of sustainable economic development,” Osmani said.
She also said it was the “biggest energy investment in our country for decades” and will help Kosovo create flexibility and stability in the electricity grid by enabling greater integration of renewable resources.
This will also aim to develop skills and strengthen the engagement of women in the energy sector and the labour market.
Kosovos energy production is mainly based on coal and is therefore confronted with a deep issue due to the rising global energy prices.
This, however, will push the country to find better renwable energy resources to provide power for their customers.
“This signing represents … our commitment to work together to build modern, sustainable energy solutions which will benefit nearly 2 million Kosovars,” said MCC head Alice Albright.
Two years ago, the MCC implemented another $49 million program to support Kosovo.