Albanias KESH raises EUR 5.1mn from energy exports in May.

By bne IntelliNews May 24, 2012
Albanian state-owned power utility KESH has restarted electricity exports in May after recent rainfalls secured sufficient water reserves in the countrys main hydropower dams, local daily Mapo reported. The company has sold on the foreign market a total of 87,600 MWh of electricity in the first two weeks of May for a total of EUR 5.1mn. The export sales price varies between EUR 57 and EUR 66. As we reported earlier, Albania has increased its energy imports during the first months of 2012 in order to secure sufficient domestic supply. Domestic electricity generation has witnessed a drastic decline as water resources in the main dams started freezing due to low temperatures in February. Last year, Albania's electricity generation shrank by 47.4% to 4,057GWh. State-owned hydropower plants account for 97% of the domestic output.

Related Articles

Albania calls tender for supervision of sewerage project.

Albania has called a tender to select a company to supervise the construction and supplies for a sewerage system and waste water treatment plant in Velipoja area, the European Commission informed ... more

Albania's govt approves changes in concession agreement for Devoll project.

The Albanian government has approved changes in the concessionary agreement for the Devoll Hydropower cascade, which formally enables Austrian EVN to exit from the project, the cabinets press ... more

Albanian parliament panel endorses EUR 12.7mn EBRD loan for dam safety project.

The economy and finance committee of Albanias Parliament has approved a EUR 12.7mn loan from the European Bank for Reconstruction and Development (EBRD) to be used to fund a project for upgrading ... more

Dismiss