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ContourGlobal said it may start building the plant by 2016. As of February 2015 the cost of the project is estimated at up to US$1.6 billion, with a third to be financed by ContourGlobal and the remainder via loans. The plant is planned to go online in 2021.<ref>[http://www.reuters.com/article/2015/02/04/kosovo-energy-contourglobal-idUSL6N0VE2DW20150204 "ContourGlobal could start building Kosovo power plant in 2016,"] Reuters, Feb 4, 2015</ref>
On November 23, 2015, Kosovo’s minister of economic development, Blerand Stavileci, announced the latest version of the plant. The announcement came in the form of oral remarks. The new design reduces the size of the plant from 600MW to 500MW and is subject to further negotiations. On December 18, 2015, the government of Kosovo, led by Prime Minister Isa Mustafa, announced the signing of a Memorandum of understanding for the project with ContourGlobal. Proposed financing includes a 30 percent equity contribution from ContourGlobal with the remaining 70 percent of financing from outside sources. The final terms of both ContourGlobal’s equity participation and loans from the World Bank and any other lenders are under discussion. The economic development minister states that the technical documents will be completed in the next several months and that construction is to start in late 2016 or early 2017 and will take four to five years to complete.<ref>Sanzillo, Tom and David Schlissel (2016):[http://kosid.org/file/repository/The_Proposed_New_Kosovo_Power_Plant_Jan_2016_1.pdf "The Proposed New Kosovo Power Plant: An Unneccessary Burden at an Unreasonable Price."] Institute for Energy Economics and Financial Analysis, pp.3-4. Accessed on 12 January 2016.</ref>
==Project Details==
