Focus on Energy, 2010 - Karanovic & Nikolic

PARTICIPANTS IN THE ENERGY SECTORMINISTRY OF ENERGY AND MININGAs stipulated above, MEMK has the widest authorities stipulated by the Kosovo Energy Law and is responsiblefor the drafting of the Energy Strategy (for a period of 10 years) and the program for the fulfillmentof the Energy Strategy (every three years). MEMK creates the energy policy for Kosovo by working on thefulfillment of the objectives of the long-term and short-term development of the energy sector, creatingthe guidelines for the development of the energy sector and stimulating foreign investments in the fieldof renewable energy and its exploitation.MEMK is divided into three departments: (i) a strategy and development department; (ii) an energy departmentand (iii) a mining department. Every department is responsible for the organization and the developmentof separate energy sectors and the creation of energy policies for different categories of energy.MEMK passes the long term energy budget of Kosovo, which in practice means that MEMK is authorizedto forecast the need for different types of energy and the strategies and the methods of energy supplyover the course of the ten year period.ENERGY REGULATORY OFFICE38As stipulated above, REOK is independent from all other state authorities and energy involved parties.The function of the REOK is not solely for the passing of energy licenses and for the setting tariffs. Withregard to the authorizations provided by the Kosovo Energy Regulator Law and Energy Law, the REOKis charged with making sure that all the energy regulations passed in Kosovo are in accordance with theacquis communautaire.FOCUS ON ENERGYREOK also has supervisory authorizations with respect to the tariffs for the regulation of the energyservices, disputes between parties involved on the energy market, the quality of the energy services andthe energy market standards.INDEPENDENT COMMISSION FOR MINES AND MINERALSKosovo has a separate Mines and Minerals Independent Commission (“MMIC”) which has helped thissector to develop at a greater pace than in the previous years.The MMIC, as an independent body reports directly to the Assembly of the Republic of Kosovo. TheMMIC has extensive powers, including the granting of all mining licenses and permits in the mining andminerals sector. Apart from the supervision of the mines and plants, the MMIC carries out geologicalresource estimations, advises investors on potential areas of interest and provides service orientatedinformation on any relevant items of interest in the mining sector. This helps investors to gain the necessaryinformation for planned investments.MINISTRY FOR TRADE AND INDUSTRY(OIL AND OIL DERIVATES BOARD)The Law on Trade with Oil and Oil Derivates stipulates the existence of separate boards each responsiblefor the organization and the development of the trade with oil and oil derivates (the “OODB”).The OODB is authorized to pass licenses for transport, storage and trade involving oil. The OODB also supervisesthe procedures for the issuance of licenses and is directly answerable to the Kosovo Government.KEKKEK is the sole electricity provider in the Republic of Kosovo. A vertically integrated company, KEK waslegally incorporated at the end of 2005 for coal mining and the generation of electricity and the distribu-