Electricity

Gjiknuri-Pagano: Reform in energy sector on right track

Photo: World bank

Published

March 27, 2015

Country

Comments

0

Share

Published:

March 27, 2015

Country:

Comments:

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

Hidroelectrica-IPO-Bucharest-Stock-Exchange-July

Hidroelectrica to conduct IPO on Bucharest Stock Exchange in July

07 June 2023 - Fondul Proprietatea intends to sell most of its 19.94% ownership of state-owned Hidroelectrica or the entire stake

Albania, Republic of Srpska sign agreements for activating national guarantees of origins registries

Albania, Republic of Srpska roll out registries for guarantees of origin

07 June 2023 - Now they can start issuing GOs and engage in trading in line with EU rules, the Energy Community Secretariat said

KESH-Vau-i-Dejes-Albania-seeks-contractor-second-PV-plant-hydropower-dam

Albania seeks contractor for second PV plant on hydropower dam

07 June 2023 - KESH is receiving bids for a solar power project on its Zadeja dam, belonging to hydropower plant Vau i Dejës

Solida Construction work Croatia first agrisolar power plant

Construction work begins on Croatia’s first agrisolar power plant

06 June 2023 - Solar power developer Solida is pioneering the application of the agrivoltaic-agrisolar concept in Croatia