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

davos wef china us green transition

Davos: China reaffirms green agenda as US slams EU’s net-zero goal

21 January 2026 - China reiterated its commitment to green development, in contrast to the US, whose commerce secretary said in Davos that America should rely on oil and gas

Energy Community Secretariat expert Centre for Renewables Acceleration

Energy Community Secretariat seeks expert for its Centre for Renewables Acceleration

21 January 2026 - The Energy Community Secretariat is seeking a senior expert with a thorough understanding of renewable energy planning and permitting workflows

bih southern gas interconnection power plants covic ustda bechtel

US firm eyes construction of three gas-fired power plants in BiH

21 January 2026 - Representatives of US companies and the United States Trade and Development Agency (USTDA) have visited BiH

Greece adds 340 MW of wind farms in 2025, looks at further rise this year

Greece adds 340 MW of wind farms in 2025, acceleration seen for this year

21 January 2026 - New wind capacity came in at 340 MW in Greece last year, with 76 onshore turbines installed, according to HWEA