Energetic superpower bubble

The ministry is unable to cancel the agreements immediately, but they must address to the court for canceling them as a contractual party. The 12 companies had promised to invest 56 million EUR for the plants that would produce 74 MW of electrical power, but three years after the concessions, they have not respected the agreements by placing the 10% of the investment total sum, as the agreement provides.

This is a new direction for the history of energetic concessions that were given by the government to many small and unknown companies, presenting it as a major reform but that gave empty results.

The concessionary agreements were given by the government through suspicious tenders, with private companies promising to build small hydropower plants and the government promising to buy their energy with a high price.

There are 400 hydropower plants that were supposed to be built with this scheme. After the concession, it resulted that these companies were unknown and the government had never asked any of them if they possessed the necessary qualifications and financial sources for building the hydropower plants.

If that was not enough, many of the tenders were taken by people who hoped to sell them to more serious investors for more money.

Berisha admitted a few weeks ago that the concession scheme was not progressing, so he ordered the termination of agreements with companies that hadn’t started working. The Ministry cancelled 12 agreements for the construction of 33 small hydropower plants, equal to 10% of the total signed agreements.

Despite this decision, the companies will keep the concessions until the court says the last words.

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