Energy situation improves after rains and lower consumption
23/09/2017 00:00
Opposition demonstrators clash with the police in the protest in front of Tirana municipality, foreign embassies condemn acts of violence 19/04 16:00
The increased domestic production and lower consumption has improved the financial situation of Albania’s energy companies.
The Energy Distribution Operator (OSHEE) declared that they will import only 225.000 MW for the next month, two times less than the average quantity bought in the three consequent months.
As result, the cost of imports for October will drop at 12 million EUR. For July Albania spent 30 million EUR of imported energy, and more than 80 million EUR for July and September.
Most of the payment was covered by the OSHEE, but the Energy Corporate (KESH) also paid 7 million EUR with a loan from the World Bank.
Last month the government made urgent state budget amends, adding 3 billion ALL for the energy sector.
The money was used to pay the loans taken from KESH and OSHEE, who could not cover it on their own.
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