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.

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