Prishtina, 7 July 2011 Pursuant to the Government Decision Nr. 08/17 on the Reconfiguration of the structure of Project Steering Committee (PSC) on the construction of the new Power Plant, and after receiving the consent of the World Bank, on July 6, 2011, the first meeting of the committee in the new composition was held.
PSC is composed of the MED (Chair), and representatives MF, MESP, MLSW, MTI, OPM, ERO, ICMM, and observer members from KEK, KSOTT, World Bank, EC, USAID, KfW, ICO.
A presentation was given in the meeting on the structure of the project, as per the Draft Request for Proposals, the current status of the Project, and the main challenges towards a successful implementation of the project.
The main challenge is the finalization of the Tender Documentation, taking into consideration the comments of investors, harmonization of the distribution and supply privatization process, and the initiation of the process to ensure support from International Financial Institutions for the transaction.
The next meeting shall be held after two weeks. It is expected that topics of discussion shall be the investors comments and the engagement of transaction advisors in revised terms.