On this day in 2022, a significant milestone was celebrated as the Millennium Challenge Corporation (MCC) and the Government of the Republic of Kosova signed the “Kosova Compact,” a groundbreaking agreement valued at 202 million dollars. This collaboration is dedicated to advancing modern and sustainable energy solutions in the region. The energy landscape in Kosova has been plagued by frequent interruptions, leading to a reliance on costly emergency imports and highly polluting sources, including coal-fired plants. The Kosova Compact, complemented by an additional 34 million dollars from the Government of Kosova, seeks to tackle this challenge head-on.

The primary objectives of the Kosova Compact are to reduce energy costs, expand employment opportunities in the energy sector, particularly for women, and promote private sector investments. The overarching goal is to shape a cleaner, more sustainable, and economically efficient energy future for Kosova.

This signing marks the second collaboration between the MCC and the Government of Kosova, building upon the initial success of the Kosova Threshold Program valued at 49 million dollars. The initial program focused on energy and institutional reforms, establishing the foundation for large-scale energy infrastructure construction and creating employment opportunities, especially for young people and women in the energy sector. With the Kosova Compact, the aim is to accelerate Kosova’s transition towards a more sustainable, inclusive, reliable, and cost-effective energy future, with a specific focus on addressing the issue of Kosova’s unreliable electricity supply. This collaboration signifies a commitment to transformative change and signifies a step forward in Kosova’s journey towards a more resilient and sustainable energy landscape.