albania

The main reason why many countries liberalized their power sectors and unbundled vertically integrated utilities was to introduce competition in the generation sector as well as to attract new investors in this activity. However, this…

The Power Distribution Operator OSHEE has formalized its split into smaller companies by registering with the National Business Center its three new companies. The first company created by this process is the Distribution System Operator…

A gas-powered power and heating plant of 500 MW is expected to be built in the city of Korça. The project was presented during the round table organized by the International Finance Corporation (IFC) and IVICOM GmbH. The investment…

Foreign direct investment in Albania amounted last year to 970 million euros. According to Bank of Albania’s statistics, foreign investments closed another year on the rise, with about 3.6% more compared to 2016. In fact, the fourth…

The Electricity Distribution Operator will be listed on the Albanian Stock Exchange, enabling citizens to become part of the company through the purchase of shares. The plan was made known by Prime Minister Edi Rama during the…

Albania is ranked among the leading countries in the world in terms of energy and readiness to shift towards a more sustainable energy. At least this is what the World Economic Forum writes in its most recent report entitled “Fostering…

The prolonged drought in 2017 has resulted in lowered power production by 36.6% compared to the previous year, affecting significantly the increase in imports and the decline in exports. According to the Energy Balance, published by the…

A new company will be created for implementation of the Ionian Adriatic Pipeline (IAP) project, according to a letter of intent signed by Plinacro (Croatia), Albgaz (Albania) and Montenegro Bonus (Montenegro), Azerbaijan’s state oil company…

The Trans Adriatic Pipeline (TAP), organized a ceremony on Feb.12 to mark the start of works for the 1.5-kilometer micro-tunnel, which will connect the east and the west segments of the pipeline in Albania, said a message from TAP AG…

Pipes for construction of the Trans Adriatic Pipeline (TAP) have been welded along more than 80 percent of the pipeline’s route in Greece and Albania, said a message from TAP AG consortium. “TAP pipes are welded above ground. All welds…