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Gjiknuri-Pagano: Reform in energy sector on right track

March 27, 2015 | Comments: 0Author:

Photo: World bank
Gjiknuri-Pagano: Reform in energy sector on right track

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.