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

eu necp solar targets grids flexibility solarpower europe

EU countries update NECPs: 2030 solar goals lifted by 90% but grids lag

25 April 2024 - SolarPower Europe said grid and flexibility planning trail far behind renewables goals, putting the energy transition at risk


Slovenia amends Energy Act to bolster efficiency, decarbonization

25 April 2024 - The changes to Slovenia's Energy Act introduced incentives for renewables, decarbonization of coal regions and energy efficiency measures

China’s energy transition on track for carbon neutrality by 2060

24 April 2024 - China is making huge progress toward its goal of reducing net emissions to zero, Norwegian consulting firm DNV estimated in a report


Renera kicks off 50 MW floating solar power project in Romania

24 April 2024 - Renera Energy is developing a 50 MW floating photovoltaic project in Romania. It would now probably be the biggest in Europe.