Electricity

UPDATE: Albania suspends tendering for setting up power exchange

albania power exchange

Photo: Pixabay

Published

April 17, 2020

Country

Comments

0

Share

Published:

April 17, 2020

Country:

Comments:

0

Share

Albania’s Ministry of Infrastructure and Energy has decided to suspend tendering for companies and financial institutions interested in becoming shareholders of a joint-stock company which would operate the Albanian power exchange (APEX).

In March, the ministry published an invitation to bid, with an April 27 deadline to submit applications.

The tendering commission suspends the submission of documents from participants and the procedure for the selection of participants in the market operator’s share capital starting from April 8, as a proportional measure for safeguarding the best public interest, according to the ministry’s announcement.

According to the announcement, Albania’s Council of Ministers declared the state of natural disaster due to coronavirus while the candidates must submit the documents that require interaction with state and judicial administrations.

Several participants have recently expressed their official concerns as regards the difficulties and the inability to prepare and submit their bids and related documents, the announcement reads.

OST to hold 35% of the Albanian Power Exchange

According to the ministry’s earlier notice, Albania’s transmission system operator OST will control 35% of the shares of the new company, APEX, which will be financially and legally separate from the OST.

65% of the shares is available for TSOs, power exchange operators, power market participants, and international financial institutions

The remaining shares are available to four categories: other TSOs, power exchange operators with international experience, power market participants, and international financial institutions.

The initial capital of the company will be EUR 2 million

TSOs may acquire up to 20.5% of APEX 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 move is the follow-up of the decision on the establishment of APEX adopted in May last year by the Government of Albania.

Montenegro to get power exchange this year

Serbia is the only contracting party to the Energy Community Treaty that has an operational power exchange – SEEPEX.

After it selected Nord Pool as a partner, Montenegro announced a 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

Gas interconnector Greece Bulgaria commercial operation October 1

Gas interconnector Greece-Bulgaria to start commercial operation on October 1

29 September 2022 - Greece and Bulgaria issued operating permits for the interconnector between the two countries' gas networks

Solar power inaugurated Zlatolicje hydropower Slovenia

Solar power plant inaugurated at Zlatoličje hydropower plant in Slovenia

29 September 2022 - The first part of the 30 MW Zlatoličje-Formin solar power plant in Slovenia has entered regular operation

Suzlon Energy BH starts construction of the Ivan Sedlo wind park

Suzlon kicks off construction of wind farm in Sarajevo Canton

28 September 2022 - BiH has so far built two wind power plants, Mesihovina and Jelovača, and projects with a total capacity of 2.2 GW are in the pipeline

Romania Nuclearelectrica joint venture small modular nuclear reactors

Romania’s Nuclearelectrica launches joint venture for small modular nuclear reactors

28 September 2022 - Nuclearelectrica and Nova Power and Gas launched RoPower Nuclear, a project firm for the development of small modular reactors in Romania