News

Energy efficiency fund devised in new legislation

Published

August 14, 2015

Comments

comments icon

0

Share

Published:

August 14, 2015

Comments:

comments icon

0

Share

The Ministry of Energy and Industry has come up with a draft Law on Energy Efficiency which includes energy conservation guides for all electricity consumers, including public administration, big companies and citizens, Albanian Telegraphic Agency said. For the first time it foresees an efficiency fund.

According to sources from the ministry, the country has vowed to reduce energy consumption by 11% until 2020, making enhancement of energy efficiency priority. New rules will be applied in the public sector and big companies first, preventing excessive consumption ranging from banning household appliances which do not save energy to measures for construction. For old apartment buildings and houses, the ministry will set up an efficiency fund, which will support their reconstruction with up to 50%, the article published by AlbReporter portal said.

The government plans to invest EUR 500 million in energy sector until 2020, on the basis of energy recovery strategy, in a bid to liberalize the energy market and minimize losses in distribution network.

Related Articles

faria renewables mykonos solar power plant

Faria Renewables acquires 35 MW Mykonos solar project

26 July 2024 - Faria Renewables S.A. has announced the integration of photovoltaic project Mykonos into its asset portfolio

Ameresco Sunel Energy 560 MW solar power Greece Lightsource bp

Ameresco Sunel Energy starts building 560 MW solar power plant in Greece for Lightsource bp

26 July 2024 - Ameresco Sunel Energy is the contractor in Lightsource bp's solar power project of 560 MW in peak capacity, in the central part of Greece

The EU has enough land for developing renewable energy projects – study

EU has enough land for renewable energy projects – study

26 July 2024 - EEB found Europe has enough land for renewable energy projects without compromising food production or nature protection efforts

Romania green energ system hospitals private partner

Romania to green energy system in hospitals with private partner

26 July 2024 - Romania is in talks with Abu Dhabi–based IHC on a public-private partnership worth EUR 1 billion for heat pumps and PV systems for hospitals