Eurasia Press & News
The International Energy Corporation Group revealed on Thursday that it is willing to invest in geothermal energy in Kosovo.
The head of the corporation, Wolfgang Hertel, declared that his company had already received the support of Kosovo’s government to invest in Kosovo, adding that, if the project takes off, it will take some five years to complete.
“We want to create an energy park from an oil field in Kosovo”, said Hertel. According to him, considering the geologic parameters that exist in Kosovo, it is possible to generate warm water from the earth and collect it in underground basins, over which solar panels would be deployed to produce energy.
The company has been working with oil in Venezuela, but said it was not satisfied with the political circumstances in that country. “There are no healthy and security conditions as in Kosovo”, said Hertel.
The International Energy Corporation Group generally works with oil resources, using those fields to enable the creation of geothermal energy production.
