Electricity

TENDERING: Albania seeks partners to create power exchange

power exchange

Photo: Pixabay

Published

March 9, 2020

Country

Comments

comments icon

0

Share

Published:

March 9, 2020

Country:

Comments:

comments icon

0

Share

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.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Vatopedi monastery Mt Athos largest grid forming BESS Greece

Vatopedi monastery in Mt. Athos gets largest grid-forming BESS in Greece

02 July 2025 - A grid-forming battery energy storage system of 3 MW was put into trial operation at the Vatopedi monastery on Mount Athos

krsko 2 spatial plan

Slovenia launches public consultation on spatial plan for second unit at Krško nuclear plant

01 July 2025 - The Ministry of Natural Resources and Spatial Planning has published an initiative to prepare a spatial plan for the second unit of nuclear power plant Krško.

Turkey first hydropower reservoir YEKA floating solar power auction

Turkey selects first hydropower reservoir for YEKA floating solar power auction

01 July 2025 - The reservoir of the Demirköprü hydropower plant is the first proposed area for Turkey's planned floating solar power auction

Hungary MAVIR 60 MWh battery energy storage system

Hungary’s MAVIR commissions 60 MWh battery energy storage system

01 July 2025 - MAVIR, the Hungarian TSO, put into operation a battery energy storage system (BESS) of 20 MW in capability and a three-hour cycle.