Renewables

World Bank to support Albania’s energy projects further

Photo: World Bank

Published

April 5, 2017

Country

Comments

comments icon

0

Share

Published:

April 5, 2017

Country:

Comments:

comments icon

0

Share

The World Bank is eager to help Albania address constraints and overcome challenges in making the energy sector competitive and efficient and expanding integration with neighbours, the organization’s eight executive directors told the government in Tirana, headed by prime minister Edi Rama.

The two-day visit organized at the end of last month as part of a regional tour aimed to assess the World Bank Group’s engagement in the energy sector and efforts to support regional connectivity, the press release said, adding that increasing regional cooperation and plans to improve connectivity within Western Balkans started in 2014 with support from the World Bank Group and the European Union.

They shared views on facilitating energy exchange through the establishment of organized electricity markets and the prospects for expanding regional integration. They also discussed the impact of World Bank Group financed operations, like the Power Sector Recovery Program, on energy sector reforms within the Government’s broader structural reform agenda.

The guest officials went to Fierza hydropower station in the Drini river cascade, where they saw progress in the Dam Safety Project and efficiency upgrades, financed by the international institution, as well as other development partners – Swiss Development Agency, the European Bank for Reconstruction and Development (EBRD), the United States Agency for International Development (USAID), and German KfW.

Efficient development of the Balkan country’s hydropower potential is critical to the success of its growth and anti-poverty agenda, said Karen Mathiasen, who represents the US on the board.

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

serbia wind farm plandiste nis met dubravka djedovic

Government of Serbia interested in taking over Plandište wind project

25 July 2025 - Plandište is one of the projects that obtained feed-in tariffs under the first quota of 500 MW for wind power plants in Serbia

Over 20,000 prosumer projects connected in Greece during last 18 months

Over 20,000 prosumer units connected in Greece in last 18 months

24 July 2025 - Households and businesses remain highly interested in becoming prosumers in Greece, although the new net billing program faces delays.

Project 81 MW solar park on coal mine in Montenegro

Project underway for 81 MW solar park on coal mine in Montenegro

24 July 2025 - The Government of Montenegro gave a provisional green light for a solar power plant of 81.1 MW in peak capacity on coal land in Pljevlja

croatia rp global novalja solar ebrd loan

RP Global gets EUR 12.2 million loan for Novalja solar project

24 July 2025 - In late April, Austrian company RP Global began the construction of the Novalja PV plant at the Zaglava site on the island of Pag