Electricity

Albania, Germany sign second agreement on 400 kV transmission line to Macedonia

Photo: Pixabay

Published

November 3, 2016

Country

Comments

0

Share

Published:

November 3, 2016

Country:

Comments:

0

Share

Germany and Albania signed an agreement on the second tranche of loan to finance the building of the 400 kV electric transmission line connecting Albania and Macedonia.

The Albanian Minister of Energy and Industry, Damian Gjiknuri, and ambassador of Germany in Tirana, Susanne Schutz, signed the agreement in Tirana last week, completing a financial framework for the high-voltage line connecting cities of Elbasan, Albania and Bitola, Macedonia.

The “soft loan” is secured through KfW German Development Bank. The first installment of EUR 30 million had already been disbursed through the  agreement signed in July. The agreement signed on last week regulates the next installment worth EUR 20 million, while the overall cost for Albania will be around EUR 70 million. EUR 15 million will be granted by the European Union , and additional EUR 5 million would come from the Transmission System Operator (TSO).

The implementation is expected to start in early 2017, and should be finalised by the end of 2020.

Albania considers this project as an important step towards the inter-connectivity in the region, enabling the unrestricted transit of electricity, and opening opportunities for trade exchanges. The 400 kV line will help cut losses in the current transmission grid. In the near future, the line would be connected to a natural gas-run TTP in Vlora, once the TAP pipeline is finished.

According to Edi Rama, Albanian Prime Minister, “Germany is the main contributor to this important energy project and to the 400-kV electricity transmission line with Kosovo*, which will lower the import costs and create a common power market.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Slovenia and Czech Republic to exit coal by 2033

Slovenia, Czech Republic to exit coal by 2033

14 January 2022 - Coal phase-out by 2033 announced Slovenian government, and the new Czech government announced a coal exit for the same year

iea electricity report 2022 prices

IEA: Rising demand for electricity could result in high prices over next three years

14 January 2022 - Average wholesale electricity prices in Europe in the fourth quarter of 2021 were more than four times as high as their 2015-2020 average

Western Balkans integrate markets easier energy transition funding

Western Balkans need to integrate markets for easier energy transition, funding

14 January 2022 - A joint approach makes funding green energy and the coal phaseout easier for the Western Balkans, but funding sources are still insufficient

Albania to lease oil-fired power plant with installed capacity 110-130 MW

Albania to lease oil-fired power plant as a response to energy emergency

14 January 2022 - State-owned power utility KESH issued the call for expression of interest for leasing a thermal power generation asset