News

Agreements with Germany include funds for dam security

Published

July 13, 2015

Comments

comments icon

0

Share

Published:

July 13, 2015

Comments:

comments icon

0

Share

The parliamentary Law Commission approved the ratification of two cooperation agreements between Albania and Germany in the energy field, Albanian Telegraphic Agency said. According to the deputy Minister of Energy and Industry Ilir Bejtja, for the first time an efficiency fund will be established through the bank system, to support investments in saving energy at small and medium sized opportunities, in houses and municipalities, portal Invest in Albania reported. The second agreement is a grant for the maintenance of Drini cascade.

Ahead of chancellor Angela Merkel’s official visit on July 8, six financial cooperation agreements were signed by German ambassador Helmut Hoffman and Albanian vice premier Niko Peleshi and ministers of finance and economic development Shkëlqim Cani and Arben Ahmetaj. The deal consists of Germany’s grants of EUR 1.5 million and loans of EUR 106 million, Associated Press said.

Most funds will go to the electricity sector, with EUR 40 million for monopoly power producer KESH and EUR 20 million for security of hydropower dams, Reuters reported. Development projects are underway to improve water and power supply as well as waste water systems.

Related Articles

Greek farmers turn their back on government program for photovoltaics

Greek farmers turn their backs on government program for photovoltaics

29 April 2025 - The Greek government's Photovoltaics in Fields support program has failed to convince farmers so far, amid restrictions

North Macedonia MEPSO contractor power line Albanian border

North Macedonia’s MEPSO seeks contractor for power line to Albanian border

29 April 2025 - MEPSO launched a tender for a 400 kV transmission line, the North Macedonian part of a planned interconnection with Albania

solar enna romania

Croatian firm ENNA takes over 87.5 MW solar project in Romania

28 April 2025 - ENNA Solar has signed an agreement with Austria-based Kraftfeld Energy to acquire an 87.52 MW ready-to-build solar power plant project

eu european commission critical raw materials

European Commission launches call for investment in green transition, critical raw materials in Western Balkans

28 April 2025 - Private businesses from the EU, the EEA, and the Western Balkans are invited to express interest in investing in the region