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The World Bank WASHINGTON, June 28, 2007 The World Bank Board of Executive Directors today approved US$2 million in additional financing for the Lignite Power Technical Assistance Project. The grant is provided by the International Development Association (IDA) to the United Nations Interim Administration Mission in Kosovo (UNMIK), on behalf of Kosovo. The additional financing will provide the Project Steering Committee with sufficient financing to execute the contracts with the successful bidders for the Transaction Advisory, and the Legal and Regulatory Advisory services, so that these advisors can assist the PSC in dealing with prospective private investors in major lignite mining and power plant development. The Transaction Advisory and the Legal and Regulatory Advisory services are being selected through an international competitive bidding process. The energy sector plays a crucial role in fostering economic growth in Kosovo. The project will bring technical assistance to a major private investment in the energy sector. It will also support the implementation of good environmental and social practices, and facilitate future private sector investments in an economic and efficient manner. Press Release No:2007/483/ECA Contacts In Pristina: Flora Kelmendi (+381) 38 246 459
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In Washington: Steven Jouy (+1-202) 473-4215
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For more information on the project, please refer to the original press release (October 12, 2006), available in the News section on the World Bank Kosovo country page, or directly at http://go.worldbank.org/L153VNWYD0 For more information on the World Bank’s work in Kosovo, please go to http://www.worldbank.org/kosovo
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