What Termokos does

Termokos (legal name NP "Termokos" SH.A. Prishtinë) is the district heating utility of Pristina, Kosovo — a municipally owned public joint-stock company founded in the 1970s. It operates a centralized cogeneration-based district heating system that receives steam from the Kosovo Electricity Corporation's (KEK) Kosova B Thermal Power Plant through an 11 km pipeline, replacing the original mazut (fuel oil) heating system that had been in place since the 1970s. The infrastructure comprises 77 km of primary pipeline, 385 heat substations (200 residential, 185 commercial/institutional), heat exchangers, steam extraction facilities, and a SCADA remote control system. The company's core product is continuous district heating delivered 24/7 during the heating season (October 15 to April 15), with 2025 production of over 350,000 MWh and delivery of over 320,000 MWh of thermal energy.

The company serves over 25,000 active consumers covering approximately 130,000 inhabitants and approximately 2.8 million m² of heated surface across roughly 1,000 residential buildings. Customer segments include residential consumers (primary), public institutions (government buildings, schools, healthcare facilities), and commercial entities (offices, retail). The business model is a regulated utility: tariffs and maximum allowed revenue are set annually by the Energy Regulatory Office (ZRRE), and the company holds three licenses (generation, distribution, supply). Legacy pricing was based on heated surface area in square meters; from the 2023/2024 heating season, a new consumption-based billing model was implemented under the Prishtina HeatSave digital metering project, funded by a USD 10 million MCC grant.

Termokos is owned by the Municipality of Pristina and has received over EUR 200 million in cumulative donor-financed capex from the European Commission, the German Government via KfW, EBRD, EIB, the Luxembourg Government, the Swedish Government, the Millennium Challenge Corporation, and the Government of Kosovo. Current strategic projects include the EUR 80.7 million Solar 4 Kosovo II (solar thermal integration adding ~50 MW capacity), the EIB/EBRD-financed Capacity Doubling Project (140 MWth → 280 MWth), and ongoing network expansion targeting ~50% coverage of Pristina (up from ~28%).

Name

Termokos

Legal name

NP "Termokos" SH.A. Prishtinë

Website

https://termokos.org

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

101–250 employees

Short description

Termokos is the municipally owned district heating utility of Pristina, Kosovo. It delivers cogeneration-based thermal energy via 77 km of pipeline and 385 substations to over 25,000 active consumers serving approximately 130,000 inhabitants during the heating season, operating under ZRRE regulatory oversight.

Ownership category

akta.pro rank

Product category

District Heating Services

NAICS

Steam and Air-Conditioning Supply (221330), Steam and Air-Conditioning Supply (22133)

SIC

Cogeneration Services & Small Power Producers (4991), Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

District Energy & Community CHP (District Heating/Cooling Networks) (EUACAKAH)

Keywords

• District heating services
• Cogeneration energy
• Thermal energy supply
• Heating network operations
• Municipal heat utility

Headquarters

HQ city

Kosovo

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Pricing tiers

Distribution channels2 records

Marketing channels5 records

Core offering

Termokos is the municipal district heating utility of Pristina, providing centralized cogeneration-based thermal energy to residential and institutional consumers. The company procures steam from the Kosovo B Power Plant (KEK) and distributes it via an 11 km connection pipeline, 77 km of primary network, and 385 heat substations to deliver 24/7 heating service during the October 15 to April 15 heating season, supported by consumption-based digital metering (Prishtina HeatSave) and ongoing solar thermal expansion (Solar 4 Kosovo II).

Product overview

Termokos (Ngrohtorja e Qytetit) is a public joint-stock district heating utility serving Pristina, Kosovo. It operates a centralized cogeneration-based district heating system delivering thermal energy to over 25,000 active consumers across approximately 1,000 residential buildings covering about 2.8 million m² of heated area. The company's product portfolio centers on its cogeneration heating infrastructure as the core product, supported by ongoing network expansion and rehabilitation projects that connect new residential and institutional buildings. Strategic initiatives include the Solar 4 Kosovo II solar thermal integration project and the Capacity Doubling project, both funded by international development banks. The Prishtina HeatSave digital metering module adds consumption-based billing capability, replacing area-based calculation. The heating season runs from October 15 to April 15, delivering 24/7 uninterrupted thermal energy.

Differentiator

Problem solved

Functional benefit

Brands

• Prishtina HeatSave: Digital heat metering and consumption-based billing project enabling consumers to pay only for heat consumed, funded by MCC grant.

Products and services

• Cogeneration District Heating Service (Projekti i Kogjenerimit) Centralized thermal energy supply delivered via steam from the Kosova B power plant through 11 km pipeline, heat exchangers, and a 77 km primary distribution network with 385 substations, providing 24/7 uninterrupted heating during the October 15 to April 15 heating season to residential and institutional consumers in Pristina.
• Prishtina HeatSave (Digital Metering and Consumption-Based Billing) Digital heat metering and consumption-based billing service enabling consumers to pay only for actual thermal energy consumed rather than heated area, implemented through smart meters installed at radiator/heat unit level.
• Solar 4 Kosovo II (Solar Thermal Heating) Large-scale solar thermal heating service integrating 63,000 m² of solar collectors and seasonal thermal energy storage with the existing cogeneration system, planned to add approximately 50 MW of additional thermal capacity for around 8,600 new households (about 38,000 consumers) in neighborhoods such as Tophane, Kalabria, Lakrishte, and Muhaxherëve.
• Capacity Doubling Service (140 MW to 280 MW) Planned expansion of district heating generation capacity from 140 MWth to 280 MWth with further decarbonization, intended to support broader consumer coverage and decarbonization of the heating supply in Pristina.
• Heating Network Expansion and Rehabilitation Ongoing infrastructure program to expand and modernize the district heating distribution network in Pristina, connecting additional residential and institutional buildings in neighborhoods such as Mati 1, Arbëria, Qendër, and Kalabria, while rehabilitating existing substations and pipeline routes.

Quantifiable outcome

• Serves over 25,000 active consumers and approximately 130,000 inhabitants
• +5 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered strategic, core, minor and supporting.

• EuroHeat and PowerstrategicStrategic or Co-development Partner · 24 May 2023European organization based in Brussels that helps states promote district heating, provides assistance on European regulatory matters, and offers the largest cooperation platform in Europe for investors, donors, European Commission, public actors, regulatory agencies, state enterprises, and private sector.
• BRUNATAcoreTechnology or Integration · 29 December 2021Company contracted for installation of 320 new automated heating substations, heat reservoir, and SCADA system as part of the district heating improvement project.
• ERGOTEMcoreTechnology or Integration · 29 December 2021Company part of consortium (ERGOTEM & BRUNATA) selected by KfW for installation of 320 new substations, heat reservoir with 800mW capacity, pumps, SCADA system, and rehabilitation of 235 existing substations.
• University of FerizajminorStrategic or Co-development Partner · 12 May 2017Cooperation agreement enabling students to complete practical training at Termokos facilities, observing the process of thermal energy production and distribution.
• Kosovo Electricity Company (KEK)coreTechnology or Integration · 13 November 2013KEK provides steam from Kosovo B Power Plant for the cogeneration system. Termokos receives steam through an 11 km pipeline connection with heat exchangers and steam extraction facilities, enabling reliable thermal energy production.
• Public Housing Enterprise (NPB)supportingStrategic or Co-development PartnerPartnership agreement for urgent maintenance and repair services in public spaces and company facilities, including road infrastructure repair and heating substation maintenance.

Recent moves10 records

Expansion highlights7 records

Others

• Veolia: Global environmental services group operating district heating networks across Eastern and Central Europe, including in the Western Balkans region. Comparable in district heating operations but operates as part of a much larger, diversified environmental services portfolio.

Direct peers

• Dalkia: French-owned (EDF) district heating operator operating urban heating networks across Europe. Like Termokos, Dalkia operates centralized district heating infrastructure using combined heat and power, serves municipal customers, and operates under regulated frameworks. Closest direct analog in business model.
• MVV Energie: German municipal utility operating district heating networks in Mannheim and surrounding cities, combining cogeneration, waste heat recovery, and increasingly biomass/solar thermal. Highly comparable to Termokos in business model, regulatory framework, and decarbonization trajectory.

Regional players

• HEP Toplinarstvo: Croatian state-owned district heating operator serving Zagreb, Osijek, and other cities. Comparable as a state/municipally-owned district heating utility in the Western Balkans region with similar regulatory structures and modernization projects funded by European development banks.
• Kelag: Austrian energy utility operating district heating networks in Carinthia and other regions, with significant biomass and CHP operations. Comparable in combining cogeneration and biomass heating under a regulated utility framework, useful peer for Termokos's Solar 4 Kosovo II integration strategy.
• Stadtwerke München (SWM): Munich municipal utility operating one of Europe's largest district heating networks powered by geothermal and combined heat and power. Comparable as a municipal utility with district heating as core service and strong decarbonization mandate — relevant benchmark for Termokos's longer-term transformation.
• CEZ Teplarenska: District heating subsidiary of CEZ Group operating heating networks in the Czech Republic. Comparable in transitioning from coal-based cogeneration to lower-carbon sources under EU regulatory pressure, mirroring Termokos's planned decarbonization trajectory.

Broad incumbents

• Fortum: Nordic energy group with significant district heating operations in the Baltics, Poland, and Finland. Comparable as a large-scale district heating operator with diversified energy portfolio, though broader than Termokos's municipal utility focus.
• ENGIE Solutions: Global energy and services group with district heating and cooling operations across Europe. Comparable as a large-scale district heating operator pursuing decarbonization, though substantially larger and more diversified than Termokos.
• E.ON Energy Infrastructure Solutions: Subsidiary of E.ON operating district heating and cooling networks across Germany and other European markets. Comparable in district heating infrastructure and decarbonization initiatives, though embedded within a much larger European utility group.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NgrohtorjaTermokos
• LinkedInlinkedin.com/company/termokos
• Instagraminstagram.com/termokos_official

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Termokos