Electricity

Gjiknuri-Pagano: Reform in energy sector on right track

Photo: World bank

Published

March 27, 2015

Country

Comments

comments icon

0

Share

Published:

March 27, 2015

Country:

Comments:

comments icon

0

Share

After getting acquainted with the measures and steps taken in electricity sector reform, World Bank directors declared that the challenge of Albanian government is very important and the work is on the right track, AlbReporter portal said.

Minister of Energy and Industry Damian Gjiknuri received Patrizio Pagano, executive director at WB in Washington, who was accompanied by WB Albania country manager Tahseen Sayed. Gjiknuri provided an overview of the steps which led to liquidity increase in the sector, improvement of financial performance and crisis management.

He added that reforms in energy take time to yield results and the Albanian government is highly committed.

Pagano appreciated the measures as highly important for the financial stability of the sector, increase in revenue collection and reduction of losses in the distribution network.

Thanking WB for its support in the implementation of these reforms, Gjiknuri said that WB project for energy sector recovery as well as the funds of companies KESH, OST and OSHEE will enable implementation of investments in the field which will significantly improve power supply for the citizens.

Related Articles

bih solar wind projects tso nosbih electricity generation plan

Investors in BiH developing 3,800 MW of wind, 12,500 MW of solar

29 April 2025 - The projections are from the indicative plan for the development of production 2026-2035, published by TSO NOSBiH

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

Electricity system Spain Portugal collapses from unknown cause

Electricity system in Spain, Portugal collapses amid extreme temperature variations

28 April 2025 - Power was out today throughout Spain and Portugal, in Andorra and parts of southern France amid one of the most serious outages so far

Episodes negative power prices Slovenia Romania workdays

Episodes of negative power prices in Slovenia, Romania spread to workdays

28 April 2025 - Romania and Slovenia are experiencing the first episodes of negative day-ahead power prices on workdays, as the phenomenon used to occur only on holidays and weekends