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

Serbia power utility EPS investments in green energy

Serbia’s power utility EPS announces investments in green energy

15 October 2021 - Serbian state-owned power producer EPS aims to install 240 MW in solar power plants and 100 MW in wind farms by the end of the decade

Marine Le Pen France abolish wind power elected president

Marine Le Pen says France would abolish wind power if she is elected president

15 October 2021 - National Rally's Marine Le Pen vowed to halt subsidies for solar and wind and close wind farms if she wins the French presidential election

Ten member states urge EU nuclear power low carbon energy

Ten member states urge EU to mark nuclear power as low-carbon energy

13 October 2021 - Ten states including Slovenia, Croatia, Romania and Bulgaria want nuclear power to be recognized as low-carbon technology in the EU.

Bulgaria plans phase out coal 2040

Bulgaria developing plans to phase out coal by 2040

12 October 2021 - After the upcoming election, Bulgaria's parliament is set to choose between three scenarios for a coal exit: by 2035, 2038 and 2040