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IMF report: The progress of reform in the energy sector has been significantly
The International Monetary Fund has published the latest report on Albania in which it assesses reforms in the electricity sector. The report notes that progress in energy sector reform has been noticeable.
"Distribution losses have fallen sharply and the extent of the guarantees provided by the public sector. Level collection has reached 100%. Based on past achievements, the electricity sector can turn financially sustainable in 2018. Also, it is possible that part of the resources contained in the 2016 Budget to be saved ", the report said.
The International Monetary Fund says the report that the new law for the electricity sector in accordance with the Third Regulatory Package The European Union adopted in April 2015. "It represents a decisive step towards the long road to full energy sustainability" , the report says.
Head of the International Monetary Fund for the program with Albania, Anida Tuladar said that in the short term we expect economic growth to come from foreign direct investments in the energy sector through the project trans-Adriatic pipeline and Statkraft Hydropower Project.
"With regard to structural reform, as mentioned in the energy sector marked significant achievements but there is room to do more in this area. In particular we are focusing on corporate governance in this sector. Reforms in the energy sector and that pension reforms were important. As Albania progresses in its EU membership, this is a powerful catalyst to promote the reform process and think it's a good opportunity to implement these reforms, "said Tuladar.
In the IMF report also said that a working group has been set up to identify the best options for restructuring and privatization of the oil company Albpetrol. "The goal diversification of energy sources, provided that natural gas master plan to be ready in November 2016 identifying all aspects related to the gas market," reads the report
http://www.energjia.gov.al/al/njoftime/lajme/raporti-i-fmn-progresi-i-reformes-ne-sektorin-e-energjise-ka-qene-i-dukshem
A handy tool for DD researchers
The Internet wayback machine provides snapshots of web pages saved in history after website updates.
https://archive.org/web/
Future thanks for this find in the past.
https://web.archive.org/web/20140909034439/http://structuredfinancial.com/company/clients/
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Quote of the day will this apply here?
“Throughout all my years of investing I’ve found that the big money was never made in the buying
or the selling. The big money was made in the waiting.”
Jesse Livermore
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The pieces are explained in the slide presentation you found several months ago.
http://www.slideshare.net/MuraliSundaram/group-presentation-falak-tri
30. TRI ( The Retailers Investment ) is an Operating Company ( SBU ) of Falak Holding , strongly building Key portfolios under larger categories of Personal care and Nutritional Food ,FMCG and Franchising business.
Take a look at TRI,
http://theretailersinvestment.com/about.php?id=4
http://theretailersinvestment.com/about.php?id=2
In time PSPW/Shala energy may be added to the slide show, IMO
slide 7. The group also has Diagnostic Centre and is setting up a power plant in Albania.
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I tried a couple months ago and they keep repeating
Na lër rehat
I could not understand what they were saying. lol
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Thanks SF you have been doing some great research also
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Project center?
Nice observation also over the weekend the phone number on the website was changed to the Shala office location, the newest 3power website site previously showed the Switzerland office(Probably Hani) Ireland PLC phone number is also now directed to Shala office.
I believe they are preparing for all communications and projects info to be directed through shala office now with any pending news releases.
The 3power group old website still shows Switzerland but I suspect possibly this website may be taken down at some point IMO.
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Yes Indeed
Not a bit concerned about the 10Q
WE ARE GOLDEN
STAY THE COURSE doing dd in different area's makes the difference
Topfuel
Love It Lol
Hope this stock soon moves into FOMO mode.
FEAR OF MISSING OUT
Sounds like that will work, large pspw candles,
Our did you make enough to buy that computer today, LOL
Wakl In watching the see renewables website that you reference occasionally there appears to be a constant churn of projects being sold. I think it would be naive to think that these options are not available in these concession agreements, but I have limited knowledge in that area. With the increased activity and Suzer in the region seeking better positioning, I see that as a plus for the Shala projects value and more options for all involved if they get a shovel in the ground. Only fillings will tell.
Dang there's that phone I have been calling for weeks that no one answers
I believe the old 3powergroup website should have been taken down instead of the newer website that was posted, I do not understand the reasoning of keeping that site functioning if you are going to launch new projects, but I'm sure there's a reason I don't know.
http://www.3powergroup.com/
See it all the time say one thing do another.
They could sell and walk away Legally they have showed there intention They took down the wrong website, They were suppose to take down the old website it's a Albanian CF
This project starting in 3 months appears there trying to take a huge position,along with privatization of other running projects.
I wonder if Falaks plan all along was just to sell this shala project looks like these guys would pick it right up in a heartbeat, it's right next to their project. and the three Shala partners would make some serious $$. Share holder's 0
These statements are made, approximately one month after the two main drivers of Suzer Group Honorary President Mustafa Suzer and Executive Director Sami Cakir -in a press conference to Turkish media. Suzer Lord in this conference stated:
"Over the course of the Drin in the city of Debar, Suzer-Nurol consortium has planned the construction of hydropower Skavica power and 165 MW of hydropower smaller New Katundi power to 57 MW. Adding these two investments the construction of hydropower Arras total power goes to 270 MW. These projects will start within three months with a total investment of 450 million dollars. Meanwhile, Suzer Group is interested by the Albanian government for possible privatization of hydropower Fierza, Koman and Vau Deja, with 1350 MW total power. "
This statement raises serious doubts about the company's government relations and Suzer, especially since the government has not made any transparency about this relationship.
https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fexit.al%2F&edit-text=&act=url
Open for discussion if interested, but I tend to lead to the thought that the electric at the border will not have to go to public auction through the SEE CAO (European group?) therefore since we have discovered that our concession is guaranteed purchase of electric, and we are close to the border, will Albania be able to just send it up to Kostt (Kosovo utility company) Sold! and pay shala Don't Know just a thought.
DECISION
Nr. 12, dated 01.29.2016
ON
Interconnection capacity auctions IN
Kosovo border
Pursuant to Articles 16, 18 and 19 of Law nr. 43/2015 "On Sector
Electricity "; Articles 111, 112 and 127 of the "Code of Administrative Procedures"
Article 3, paragraph 1, letter d and 16 to "R rules of practice and procedures ERE"
approved by decision No. 21 dated 18.03.2009 of the Board of Commissioners, the
amended, ERE's Board at its meeting dated 29.01.2016, after reviewing
report prepared by the Technical Departments, after reviewing the request of TSO
regarding the allocation of capacity on the border with Kosovo,
It found that:
? Rules auction Coordinated Auction Office for Europe
East Europe (SEE CAO) may not apply to countries which border
not have the capacity allocated to SEE CAO.
? Albania-Kosovo border is not included in the annual auction
interconnection capacities developed by SEE CAO due to
Operating uncertainty of KOSTT as an independent regulatory area known
by ENTSO's. This is evidenced in the official website of SEE
CAO.
? In a letter No. 587/1 dated 01.29.2016 prot OST It deposited in
Energy Regulatory Authority request for approval by the Board of Members
ERE, an exclusionary rule, which precede and avoid problems
the development of interconnection auctions in the border area,
Top/PSPW
Von Miller defense
Off topic but interesting
That moment came after the Denver Broncos beat the Carolina Panthers 24-10 to win Super Bowl 50 on Sunday. Broncos quarterback Peyton Manning was being interviewed by CBS’s Tracy Wolfson, when he started to talk about postgame celebrations and how he’s going to kiss his wife and kids and “drink a lot of Budweiser tonight.” That comes at minute 1:18:
Budweiser sent 50 cases — 1,200 bottles — to the after party, according to ESPN
Tell Falak JD
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I have always wondered why kelag / Interenergo had no projects in Albania and they pin hydro sites all round in neighboring countries, who knows!
The socialist party (Edi Rama current PM) and former PM Basha democratic party are in a huge standoff and the USA is on Rama's side for reform. John Kerry will be there next week supporting reform.
I believe you are right in your opinion on the politic side, there are people and sites for and against, but as they fight it is interesting to see small clues released such as the guaranteed electric purchase's of power from the Shala project.
all IMO
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Kelag does not show a presence in Albania at this time but it appears the have tried.
probably have to translate
in 2008 giving the Italian company bonus. They expressed interest to tender 5 major energy company, South Korea's Kepco, Norway's Statkraft, Verbund of Austria, Germany's RWE and Austria KELAG. But the crisis of 2008 buried any investor interest Skavica.
http://exit.al/2016/02/07/skavica-si-tregues-i-kleptonomise-se-qeverise-rama/
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I don't know about that, if oil continues it's recovery this is going to be a major home run.
I was setting on just over 1500 shares@ low 10's I was hoping to get a window to buy back,
I do as you had mentioned and pick up small groups on down days and try to control the average. You called 14's on CvRR
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I understand I decided to sell NGL prior to ex because it would have took 3 ex payouts for the same $ so I am watching also
Thanks jugs I just seen it I don't own it, I thought you might know something on it.
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Shale HEC guaranteed 127 mega of buying power from the goverment.
Shala 127 mega hydropower, have given him a group of people that you know very well that they are also links to you, originating from the country you come from. So 127 mega hast given a group nothing, so that does not represent anything and thereafter transferred some investors from Arab letters. They transferred as transferred and hope they do, but in fact were letters to sell. No assurance, any layer background as investors and received a contract for 127 mega hydropower.
maybe a little upset they flipped the rights to falak? Oh well Albania get your chit together.
Albania Finish the transmission lines, 3power Do a filing and were golden.IMO
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http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120158654
For reading on Albanian concessions if Interested, or disregard I could find no connection to Falak but Nurol does have a large UAE presents.
Starts here with China
https://translate.google.com/translate?sl=sq&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fexit.al%2F2016%2F01%2F19%2Fsi-si-humbi-edi-rama-3-miliarde-euro-financime-kineze-ose-si-kaposhi-i-kuq-i-rames-u-katandis-ne-nje-thele%2F&edit-text=&act=url
Suzer Group” and “Nurol Holding” Turkish companies awarded concessions.
http://invest-in-albania.org/two-turkish-companies-interested-investing-skavica-hydropower-plant.
Another picture of non functioning project, companies must have vision? or just pumping it?
http://suzer.com/web/49-209-1-1/en/sectors/energy-project/katundi-project-albania
There partner to build it
https://www.nurol.com.tr/en/institutional/history.html
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here is some info Jugs, looks like there keeping pace. will ALDW follow?
http://ih.advfn.com/p.php?pid=nmona&article=70207393&symbol=WNRL
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Nothing new just snooping around still, work has been crazy, watching Albanian news papers for governmental developments. Us embassy spokesperson(Lee) spoke, says Albania clear for Judaical reform very soon witch will clear path for EU membership. Parliament members having to sign off and clear there names saying not involved in corruption of any kind step down or be prosecuted.
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I tend to agree with Enpathy and Wakl and all that posted.
We wonder why they don't just move into something else
(frustrating). I have heard that big money doesn't use there own money to make more money, I don't have deal with that problem.
But maybe the key to unlocking all this is with the first project kick starting operations, and there is a financial package behind it based on projects, who knows speculation.
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I have read this numerous times and also sleep on it.
The importance of the 400kv line now stands out more than ever for transferring the electric from shala. It appears the Shala concessions have guaranteed electric purchase provided with it. sell it in Albania or move it out
Imo
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Open for any thoughts?
Energy ministers article regarding just posted today
Word of the Minister of Energy and Industry Damian Gjiknuri parliamentary session
Honourable Members,
Dear presiding officer,
In fact, here you can talk for hours and it depends on what you say. Unfortunately, so far you have said only lies about them electric projects for which nest here. Without going to part your history then, what did you do with the energy sector or energy projects. Just remember one thing, since all your concessions that have given over 400 hydropower plants can be realized 25% of them. Not ones to dam it claims but are small hydropower plants that are free flowing river. If you enter the plants, which have given you, just show two projects from the ones, who have given him and what standards have followed.
Shala 127 mega hydropower, have given him a group of people that you know very well that they are also links to you, originating from the country you come from. So 127 mega hast given a group nothing, so that does not represent anything and thereafter transferred some investors from Arab letters. They transferred as transferred and hope they do, but in fact were letters to sell. No assurance, any layer background as investors and received a contract for 127 mega hydropower.
Yes concession Osumi Osumi cascade? Even with that you have some connection. 152 mega given in April 2013, in those moments before the elections. 152 mega an Albanian company with a type of pigeon that does not represent anything. Today he continues circulating letters and even when they started impeachment proceedings concession came even some foreigners who had connections there from you. This has been the only way you have given as national assets, and those with DCM and bonus. You can not deny this. All have given DCM and bonus.
We spend less on Skavica, as you mentioned here and the public needs to be clarified. What is Skavica ?! It is becoming a very big speculation these days. The Albanian government has provided a bonus for the new proposal for the village, which is part of the whole scheme of use of the Black Drin but not Skavica itself as hydropower. It is very true that the project Skavica had many variants, variants even before '90. Variants which were also the project megalomaniac who went to the flooding of a part of the territory of Macedonia and requiring agreement between states. Of course, this project is not feasible and is not at all concerned that under present conditions take agreements with neighboring countries much more to take into account all socio-economic impacts or floods could cause. This project was abandoned at the time by those who own this are designed and written documents.
The previous government in 2005 but also when you came to power you began to ask private companies to do the project. I heard a media day and thank God that you are facing now. When thoshtee journalism: Mr. Berisha also bonus you have given private company, even 10 points of the government decision. No, I say you, I have not given. I have memory I say you, I ipad. Here is the DCM here in 2007 with number 775. The contracting authority is the Ministry of Economy and Energy at the time and approved by the decision of the 10-point bonus company TGK Skavica.
What was the project? Since the claw to protect the interests of the Drin, we must be transparent with the Albanians. You know what conditions had been there ?! To fill this large lake would like years and it is known, to have said if they are consulted. See what conditions you have set Fierza at the expense? I have put that Fierza should operate for 5 years in 285 meter quota when Fierza today operates to the ends 296 meter. It is part of the unsolicited proposal demand, which have given the bonus. As you thought! We talk with real, not double standard here. So, 285 m Fierza year means 70 million euros less energy, just for making your project private favor of and 10 bonus points. Is not the government's decision, I hope this time not deny. To Eni Vasili saying I disbelieve iPad here. The not true, lie minister. Then, come here and ask forgiveness for those who hast given the for 10 points in 2007 failed and now wants to lie with its decision you have signed. Here's your decision, I was sent to tell the public that you will not hear. 2007 government decision, no. 775 signed by Sali Berisha. Your decision, the contracting authority gives procedure bonus 10 points for the BOT agreement, the form of the concession company TGK Skavica. Failed, not even that, and thank God became not done. It was not because investors did not find the financing and the financial crisis began. Of that for you, they took and you know very well.
What does the award of a bonus? Approval of the scheme, study, technical solution but also the impact that would fall on the river cascade. Albanians hear because Drin cascade, reserve Fierza would operate with 11 meter less, just to make space for the private concession. Thankfully, it did not. Destiny to Albania because otherwise the corporation would have gone worse than it Kolpo that and then deal with CEZ which reduce the price from 2.8 to 2.2 Lek giving second decisive blow.
What did you do then later? Let's talk facts. I'm not one to cook or do not want to speculate, but I speak only with documents. More consultant with World Bank money, became very well. You needed a consultant to see how international settings could be used this cascade. What does the conclusion of Sogreah, the studio which dealt with this work? He has given several options and says that ultimately, the optimal solution is the option of using the two dams, considering the economic costs, social and other elements dealing with flooding and best use of Cascade. Well, not the maximum variation that can really looked good in a certain context limits, but it would be a great dam that could flood the thousands and thousands of hectares of land. It can displace over 10 thousand citizens, and there are parts of the study. Talk about a variant that is unsustainable economically and has an extremely large social impact. These types of dams in the world today are not encouraged. They are very difficult, just make very large countries or countries which do, I said, do not have private property, not a problem at all displacement of people. Or it was the regime of Enver Hoxha, was easy to displace people, rialokonte elsewhere because that state land. There he becomes project and this study says. The best option available and that should be considered by the Albanian authorities is building two dams. The first is New Village and has an element discussion about to what level will go Skavica, 395 meter or 385 meter quota? We just because we are not ready yet to determine this, and not to hinder the development of the cascade, have advanced only New ka.
HPP New Village for which the bonus is given HPP has a small dam, the reservoir has a very small and does not affect the downstream of the river Drina. It means there is no impact on Fierza and additional capacity increases mega power 56-57, with a risk of all private. It means that the private investor, konsurciumi in question construction, hydropower, financial strength, has been the only one who has taken this risk. So, to build a small generating facility without the guarantee of purchasing power as you give them before in other projects.
Do you back Ashta project. You know you are in the days of Enver Hoxha, you chose to refer to this hec was Bushat project. There was a 120 mega hydropower project. Project came from China, has been in force and the project was not implemented. When your government came then to 120 mega, how have you done to make the Ashta hydropower plant, with a capacity of 50 mega. The cost of that project first went there more than 2 million mega. Albanians should know that the cost of the project Ashta, who are paying all the 5 million is mega. 50 mega power are 250 million cost. Why this is your good project? The guaranteed purchase of energy that we all pay in our rates ?! Here this done but boasted saying that I do this work. There the accused man to national treason. But if you stay with this standard are speaking here at this microphone, then you have made a national treason because you have rejected a project that has and cheaper cost. You have chosen a project which is much more expensive, experimental and that all Albanians pay. We chose what? We chose a project which assumes the risk of buying electricity. It means that no Albanian Power Corporation introduces the obligation to buy energy. The risk is totally private, the investment can go maybe around 100 million euros and a capacity increase is not huge social impacts of environmental threats would be unaffordable.
But technically speaking, but at least there are people who understand us. We still puzzled how to act Skavica, quote quote 385 or 395 ?! We requested extra advice and I will soon make a meeting with donors, because of the somewhat positive response I have had from them. We will appoint a consultant to find the best scheme for part of what is called Skavica, which in any case, I say here that will be done in cooperation with KESH. So, KESH will be a partner and not to corporations carrying over corruption experiment like this case TGK's, which will be operated with 285 quotas and where everything else will go to benefit the private investor. The latter have given the maximum points that can give the law of concessions. These are different realities.
There is nothing here to speculate, the bonus is a procedure prescribed by law. Everything was transparent and in accordance with the law. Come up here and say someone is breaking the law. Meanwhile, Skavica project is not concessioned. Skavica project is still in the study stage, to the extent that we said it would be better for the interests of the public company in the country for its regulatory aspects, as well as to increase energy production. I guess you have to apply a great excuse for what you had attempted to do and lies that the here I have not given bonus. You have treated equally, simply failed.
Finally, back in 2012 your government has taken a another consultation on this issue, IFC this time. Documents are in the ministry, you too should have because it was customary to take a paper copy when you leave. Consultant that has said: abandoni Skavica 441 m. Why? Here say that costs 10 thousand people need to be relocated; 2,020 homes flooded; 2600 hectares of land inundated. According to the values ??and standards of the damages caused by this dam, in terms of economic feasibility, there is no point in doing so great a dam. At the present time it can not afford. Who will get over it, above all in the process of energy market liberalization ?! The energy market is liberalized and competitive will be completely after several years. The tendency is that hydropower be private and not create centralized schemes genuine state to spend public costs to cope. Preliminary cost means runs over 1 billion euros. This is the study of IFC and consultants who are hired to give us an idea how to use. Today we are talking, we consultancy from EBRD for the new Ka, which will be a transparent procedure according to the law. We consultancy company that follows all the normal standards of competitive procedures in concessions. The designer has the bonus 8 points, which is not the maximum but a bonus is acceptable. It has costs and introduced a scheme that takes the risk of energy. It is quite normal, if there are other companies may come and compete. No one prevents and definitely can be, that is the beauty and the right of this process. It is important that the work be conducted, the cascade protected in the long-term view of the public interest but also private investment to come. With a brand new economic model, a model that does not cause me extra costs for our citizens and those costs that you have consistently hidden.
Never Albanians have not told all private concessions provided they HPP small and medium enterprises. Even the largest that there are terrible things, contrary to the law. Shale HEC guaranteed 127 mega of buying power and is not done yet. Imagine all the extra capacity would enter without accounting for customer fee !? Where will this money go out ?! Hence the saying that the bear population would lower the price of energy, while capacity will be added. Would emerge from these accounts ?! There is never clearly explained the scheme! Simply lied, the scheme was clear! Letters should be taken and traded. We are just in the process introduce hullitë hullitë of law and economic logic.
Why? For every investment it should normally be reflected in customer rates. Energy will be created tomorrow scholarships and these private investors definitely a part of the risk will take, another part will be guaranteed. With efficient projects, not projects that can cost 1 million mega 4-5 after Albanians can not pay such costs for these works.
To conclude, Skavica demonstrates a failure and your anger for those things that are being done, an attack on investors, attack on all energy policy. There are 2 years to continue a systematic attack on the most successful reform and you are hearing daily from any international institution, energy is moving at a turning point of being recovered. To apologize and give an explanation about the untruths that the the show. You must have the courage to say that the iPad lacked or la memoria.
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https://translate.google.com/translate?sl=sq&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.energjia.gov.al%2F&edit-text=&act=url
I have some info for anyone following the DD but it's lengthy and supports the case that the Shala river projects were discussed on the dec 23rd parliament energy meeting. I am providing this info so you can more understand the discussion from the article in my next post
It starts with Skavica a very large project in Northern Albania much of the meeting was directed on this projects and has created some public attention. below are viewpoint posts about the project
https://translate.google.com/translate?sl=sq&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fexit.al%2F2016%2F01%2F14%2F5490%2F&edit-text=&act=url
https://translate.google.com/translate?sl=sq&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fexit.al%2F2016%2F01%2F26%2Fskavica-sipas-standardit-dige-e-mire-a-dige-e-keqe-apo-qeveri-e-mire-a-qeveri-e-keqe-pergjigje-per-nje-justifikim-te-ministrit-gjiknuri%2F&edit-text=&act=url
FYI Recently I came across the Albanian Center of Strategic Studies Facebook page.(author) and have been seeking info.
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I heard the newsletter may have news Lol
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Did you talk to Juljana?
Turkey Review, I'm still looking I believe it's there just not exposed yet.
In early 2015, the Turkish Government
announced it would allocate USD
16 billion to hydro development until
2018 as part of its Tenth Development
Plan. In addition, deregulation of the
power sector has encouraged private
investment, with independent power
producers taking on the bulk of new
developments. Hydropower
development will be further supported
by Turkey’s interconnections into the
European grid and potential for further
linkages east into Asia.
SOUND FAMILIAR?
The country is pushing ahead with
its formidable goal to exploit all of
its estimated 166,000 GWh/year of
economical hydropower potential,
which would include an expected
total of about 24,000 hydropower
plants. To date, roughly 50 per cent of
this potential has been tapped, with a
further 15 per cent under construction,
leaving the country with some way to
go in achieving its target. At the end
of 2014, Turkey’s installed hydropower
capacity was 23.6 GW, producing
40,400 GWh/year of electricity
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