March 9, 2020
March 9, 2020
Albania’s Ministry of Infrastructure and Energy has invited bids from the companies and financial institutions interested in becoming shareholders of the joint stock company which would operate the power exchange.
Albania’s transmission system operator OST will control 35% of the shares of the new company – the Albanian Power Exchange (APEX), which will be financially and legally separated from the OST, the ministry’s notice reads.
65% of the shares is available for TSOs, power exchange operators, power market participants, and international financial institutions
The remaining stake is available for four categories: other TSOs, power exchange operators with international experience, power market participants, and international financial institutions.
TSOs may get up to 20.5% of shares, power exchanges are eligible for up to 24.5%, while energy companies and financial institutions can own a maximum of 10%.
The initial capital of the company will be ALL 250 million (EUR 2 million), according to the announcement on the ministry’s website.
The application deadline is April 27
According to the notice on the competitive procedure for the selection of participants in the market operator’s share capital, the application deadline is April 27.
The move is the follow-up of the decision on the establishment of a power exchange adopted last year in May by the Government of Albania.
Serbia is the only contracting party of the Energy Community Treaty that has an operational power exchange – SEEPEX.
After it selected Nord Pool as a partner, Montenegro announced the power exchange established by Berza električne energije (BELEN) would be operational this year.
North Macedonia is also working to establish its own power exchange, while Bosnia and Herzegovina is still far from setting up such a market.
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