Drought in Albania forces 50 million EUR of imported energy
15/07/2017 00:00
The Washington Agreement Must Be Reactivated! 06/01 19:04
Albania will need to import 50 million EUR of energy for just the next two months.
The Albanian Energy Corporation and the Distribution Operator made a balance of the energy situation in the country, listing the scenarios for the months to come.
With the water reserves under minimal levels, even 50 million EUR may not be enough for the August-September period, if the water level situation doesn’t improve.
There will be direct consequences for the budget. OSHEE has already spent 18 million EUR to buy energy for July, and the 50 million EUR needs to be fulfilled with their budget, including that of KESH, the Albanian Power Corporation.
This means that the two public companies will be able to secure energy weith their funds by the end of September, but any quantity will be paid by the budget.
Official data show that water flows have been 40% lower than the 10-year average during the first six months of the year.
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