Focus on Energy, 2010 - Karanovic & Nikolic

4. Not be insolvent or in a process of liquidation or bankruptcy; and5. Not have had a license for the same activity withdrawn from it within five years of the date that theapplication is submitted.An energy company that holds a gas transmission network license may not obtain a license for the generation,distribution, supply or trade of gas. Also, an energy enterprise holding a distribution networkoperator of gas license may not obtain a license for any other activity in gas that is subject to licensing.The license is not required for the accumulation of natural gas up to the amount of 10,000 m3.The Government of Kosovo selects and designates legal persons as candidates for the operating of thetransmission and storage systems. In order to be eligible, candidates must apply to the KRO for a licensewithin 60 days from the day of their selection by the Kosovan Government as a suitable candidate.OILIn order to engage in the transport, storage, or sale of oil and/or oil products, (within a wholesale or retailcapacity for commercial purposes in Kosovo), a prior license must be obtained from the Council for Oiland Oil Products that operates within the MEMK (the “Kosovo Oil Council”).The Kosovo Oil Council grants the following licenses:motor oil, anti-freeze and brake fluid).37Kosovan legislation stipulates the general rule that there shall be no limitation on the number of licensesthat may be issued by the Kosovo Oil Council. All licenses are passed for a period of two years.The Kosovo Oil Council also recommends standards for petrol and diesel fuel quality in order to reducevehicle emissions deemed harmful to the environment and to ensure that Kosovo does not become anattractive market for the marketing of low specification fuels.MEMK’S ROLE IN THE OIL SECTORAs a general rule, the MEMK supervises, and is responsible for ensuring the regulation, safety and the qualityof supply of oil and oil products. The relationship between the holder of a license and the MEMK, forthe purpose of strategic reserves is regulated through a contractual agreement. The Government of Kosovocan recommend alternative means to establish a strategic reserve of oil. Currently, licensees holdinga general oil license or an oil storage license are authorized to retain and earmark five percent (5%) of theirstorage capacity as a strategic reserve until the establishment of Kosovan material reserves.FOCUS ON ENERGYRenewable EnergyAs stipulated by the law, MEMK establishes annual targets for the consumption of electricity or heat thathas been specifically generated from renewable energy resources or through the co-generation. Theseindicative targets will be set as a percentage of the entire energy consumption in Kosovo for the followingten years.As further stipulated, the indicative targets shall be accompanied by a report that outlines the measurestaken or that are being planned in order to achieve these indicative targets. Such reports shall take intoaccount the following: