World Bank says no to planned Kosovo coal plant

first_img FacebookTwitterLinkedInEmailPrint分享London South East:The World Bank said on Wednesday it would not support a planned 500-megawatt (MW) coal-fired power plant in Kosovo, the first major energy project in the Balkan country in more than two decades.Kosovo’s government had asked the Washington-based lender to provide it partial risk guarantees that would help unlock cheaper loans for the project.Asked by a Kosavar civil society representative during the World Bank and the International Monetary Fund (IMF) meetings in Bali if the bank would still back the project, its President Jim Yong Kim said the lender has made “a very firm decision” not to go forward with it.“Because we are required with our bylaws to go with the lowest cost option and renewables have now come below the cost of coal…so without question we are not going to do that,” he said during the meeting, broadcast live on the World Bank’s website.It is unclear how the government will now proceed with the project which environmentalists say could lock Kosovo into a future powered by lignite. Kosovo signed a deal in 2017 with London-listed power generator ContourGlobal to build the plant at a cost of around 1 billion euros ($1.15 billion).With around 14 billion tonnes of proven lignite reserves, the fifth largest in the world, the country is struggling with power shortages and the new plant was designed to help it meet around half of the country’s power demand. More: World Bank pulls out of Kosovo coal power plant project World Bank says no to planned Kosovo coal plantlast_img read more

Gov. Wolf Orders Flags to Half-Staff to Honor Sen. J. Doyle Corman

first_imgGov. Wolf Orders Flags to Half-Staff to Honor Sen. J. Doyle Corman SHARE Email Facebook Twitter December 09, 2019center_img Flag Order,  Press Release Governor Tom Wolf ordered the commonwealth flag on all commonwealth facilities, public buildings and grounds fly at half-staff to honor former state Sen. J. Doyle Corman, who passed away December 8, 2019.“Frances and I share our deepest condolences with the entire Corman family,” said Gov. Wolf. “We are grateful for Sen. Corman’s service and contributions to our commonwealth.”The commonwealth flag shall be lowered to half-staff until sunset on Monday, December 9, 2019, and on the day of interment, which has not yet been announced. The United States flag is to remain at full staff through this tribute.All Pennsylvanians are invited to participate in this tribute.last_img read more