Energy Regulation Entity rejects suspicious request for €100 investment
06/04/2019 18:57
Village of 6000 residents is without a doctor for 10 months as no one is interested in the position in central Albania 03/05 21:22
The Energy Regulation Entity has rejected the request of the Transmission System Operator to realize 100 million EUR of investments through a loan issued by a private company.
The ERE commissioners voted unanimously against, considering the special procedure used by the TSO as unfounded on economic and technical reports.
The 100 million EUR was a hidden concession. The procedures for the project started on December 28th, with the tender won by the DH Albania company.
At that time, the TSO demanded green light from the Ministries of Finances and Energy to hire a private company which would invest 100 million EUR of its own money, which was to be paid to them by the government within 15 years.
Top Channel learned that behind the project there was a Chinese company which had frequent contacts with the TSO. The company has been the one to propose the formula, study the network and even decide where the interventions needed to be done.
The entire project was scrapped by the ERE, arguing that the proposed investments were not part of the 10-year-plan, and it doesn’t even fulfill the conditions for tolerating and extraordinary procedure.
Top Channel
