Germany inks EUR 40 million loan for energy sector


June 18, 2015






June 18, 2015





The Government of Albania reached a loan agreement with the German government for a project that aims to increase efficiency in the energy sector, Invest in Albania portal reported. The EUR 40 million loan will be allocated by a German bank, official sources say.

Efficiency in the energy sector programme consists of improving the aspect of energy transmission, according to experts. The agreement was reached in the framework of the developmental public cooperation between the two countries.

The network of the energy transmission in the energy system is one of the direct perpetrators of the losses in the network according to energy experts, the report said. Despite the expected improvements in this regard which aim to reduce the losses, the project also aims to install the intelligent meters in buildings and in the energy distribution network to avoid loses, the article said. Such agreement has been considered by the government since in 2011 and now has become reality after being published in the Official Bulletin.

Related Articles

HT Profession Energia ink first virtual PPA in Croatia

HT, Profession Energia ink first corporate PPA in Croatia

27 May 2023 - The adviser to Hrvatski Telekom in reaching the power purchase agreement was consulting company PwC Croatia


Enery offers scholarships to female students at renewables program in Austria

26 May 2023 - Enery Development is offering two scholarships to female candidates for master's studies in renewables in Austria

Biogas power plant in Croatia goes bust due to price controls

Biogas power plant in Croatia goes bust due to price controls

26 May 2023 - Unless the Government of Croatia helps biogas power plants, 70% will need to be shut down before summer, their association claims

bef 2023 auctions investments serbia neda lazendic

Neda Lazendić: Serbia has reliable investment environment

25 May 2023 - Neda Lazendić, Country Manager at WV-International, was one of the panelists at the Belgrade Energy Forum 2023