Albanian power producer KESH adopts climate risk management plan

Albanian power producer KESH adopts climate risk management plan
By bne IntelliNews December 20, 2018

Albania’s state-owned power producer KESH has adopted a climate risk management plan, a strategic approach to address the challenges posed by rising temperatures and increasing hydrological variability, the European Bank for Reconstruction and Development (EBRD) said on December 20.

With the plan, KESH will become one of the first hydropower operators in Europe to address the risks of climate change and climate variability through a strategic approach.

The plan is part of the terms of a €218mn loan from the EBRD to KESH to support the company’s restructuring and transformation to a modern electricity generator operating in an electricity market that is being gradually liberalised.

KESH, which operates a 1,350 MW hydropower cascade on the Drin River, is facing challenges due to the impact of climate change and climate variability.

To address these challenges, the climate risk management plan defines a list of structural and non-structural adaptation measures that should be implemented by KESH.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

France's spending on Russian LNG surges to over €600mn this year

France's spending on Russian liquefied natural gas (LNG) surged to over €600mn this year, EU data reveals, Politico reports. The increase comes as French President Emmanuel Macron becomes ... more

What next for oil markets after Iranian strike on Israel?

WHAT: Oil prices have fallen following Iran's strike against military facilities in Israel. WHY: The risk of escalation was largely priced in last week in anticipation of the strike, and Israel ... more

LNG imports improving EU energy security as Russian gas supplies fall to 8% of gas imports

Liquefied natural gas helps make Europe’s gas supply more secure as it doesn’t rely on existing pipeline infrastructure, allowing EU countries to diversify the sources of their imports, the ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    6 days ago
  2. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  3. Russia’s war economy boosted by rising oil prices
    8 days ago
  4. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  5. Russia’s $13.4bn current account surplus in March second highest since 2007
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    24 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    27 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss