Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
FYI looking at government elections
3powers current plan of execution will be implemented before the next election in 2018 while Edi Rama is still in office. 5 year terms 2013 to 2018 September. 2 terms max
Top
Parties to the agreement further agree to extend the contract
validity for a additional 54 MW Hydro Power plant also owned
by Shala Energy Shpk. from your link.
128 plus 54 182 MW that's getting substantial
Even though it has not been put in a 8K along with many other development that have been uncovered by the DD, here it is in the links below. and I believe this to be right on target DD
Item number 47 and 72 on the list (Interenergo Albania)
http://www.albania-smallhydropower.org/Lista%20e%20Koncesioneve%20per%20Hidrocentralet%20e%20Vegjel%20ne%20Shqiperi.pdf
reference:
http://albania-smallhydropower.org/legislation.php
What else is there???????
Top
Looks as if there looking at the financials for smaller HPP'S projects
Enti Energy Regulatory Commission has opened proceedings for the determination of a new methodology for determining the price of electricity produced by hydro power -s to 15 MW.
ERE explained that this methodology aims to define the principles and manner of calculation of fixed electricity tariffs, which will be paid with priority manufacturers, for all kinds of plants using renewable energy sources with installed up to 15 MW.
The new methodology takes into account, the allocation of fees in accordance with generating capacity:
1- The first group, from 0 to 2000 kw;
2- The second group from 2001 to 5000 kW;
3- The third group from 5001 to 15000 kW.
Duration fee
Feed-in tariffs will be applied for a period of 15 years on average.
1. electricity generating companies concession starting from the day of entry into operation.
2. electricity generating companies privatized this period will apply for the remainder of the time from the date of privatization or the time of entry into operation of additional capacities of ERE.
Tariff Review
Review or adjustment of fee on an annual basis will be conducted for the purpose:
- Ex-post review for differences between expected costs recognized in the calculation of the fee formula and actual / realized. This adjustment will be carried out because the formula is based on data and receipts for various items of costs expected to be implemented and therefore to avoid excess revenues that may result.
- Tariff adjustments related to changes in capacity.
--Component tariff adjustment for the effect of inflation.
This review will be conducted in September of the current year for the period ahead. ERE will adopt a fixed rate of return on equity which will be calculated as a percentage of the total value of investments capitalized agreements 15 (fifteen) years of purchase. Return on equity (ROE) will enable the return of the cost of capital for a period of 15 years.
The interest rate agreed for the debt will be the actual rate of interest applicable under the terms of the loan agreement between financial institutions / lending and these companies, but not higher than the interest rate on loans to large businesses for the long term (more than 5 years).
Financial leverage (above mentioned) will be accepted that the ratio of debt versus equity in the total value of the investment to be between (60% - 70%) that would result from the actual report.
Fixed tariffs will be reviewed on an annual basis in accordance with the rules and practices of ERE.
React manufacturers Yes bankrupt us
In December 2015 ERE has opened proceedings to determine the energy purchase price formula based on the Law no. 138/2013 for renewables but wants to consider a price parcakuar which among others allows' return of our investments for a period of 15 years. While the tender procedures for obtaining concession skualifikoheshin all those projects that do not turn their investment in a period of 8-10 years. Also the banks do not finance projects with investment return period over 8-10 years, said Lawrence Gordani, Legal Director AREA.
He says that it is not logical for an investor to accept a price that turns its investment for 15 years when the obligation to purchase power contracts koncesnionare is 15 years and concessionary must also invest 50% of the machine after 15 years (provided the latter set to all concession contracts in force)!
Gordani says the risk is too great for it is not clear yet what will be the purchase price that the energy and spirit that surrounds our institutions decision-making is focused on reducing the margin of profit these HPPs (up and a drive, in bankruptcy).
"None of the decision-making institutions such as the Ministry, Ere etc. do not want to understand that these HPPs are built by us and are common property of the private-state and we as investors have the right to use a fixed time period and then deliver state afford "he said .
Top
http://renewable.albaniaenergy.org/#post12
Well I found some more Albanian information.
This is the company that is installing the transmission/Grid lines past our projects (Energovest) I can't give you my source just yet, I have some more questions being asked at this time.
http://www.energoinvest.com/index-contact.php?act=28
notice the INTERENERGO G.m.b.H a company in Germany owned by Energovest,
After researching I can find no connection with Kelag International.
But this does clarify something, When googling Interenergo I get 2 hits Kelag International and the German company.
I now know where they fit in the scheme of things and this suggests to me Interenergo Albania our 1/3rd partner will be another tier on the Kelag/Interenergo chart below.IMO
http://www.kelag-international.com/en/company-138.html
Also this is the other company that has been Installing the lines and grid in area's of Albania.(TL 400 kV Tirana – Podgorica (Albania – Montenegro) looks like they just had a settlement last fall for final payment, 6 million more.
http://www.dalekovod.com/en/
TOP
Well I do, It may not be a big stake(steak), But there's nothing wrong with a good hamburger too.
Top
Here is renewables (big picture)article for reading
He said: “It will be as revolutionary as mobile telephones were for the telecommunications industry.”
http://www.thenational.ae/business/energy/doubling-share-of-renewables-in-energy-mix-to-boost-global-economic-growth
Top
I thought this was interesting
http://www.thenational.ae/business/markets/iran-must-wait-months-for-oil-investors
How much PSPW are you buying if you win powerball tonight?
Top
http://transparenca.al/
No news on shala at this time
There's a big fuss going on about this project up in northern Albania
The Democratic Party, through its spokesperson Grida Duma, today raised some new questions over concession procedures HPP New village, whose Democratic Party is referred to Skavica.
Transparenca.al through the portal, the government explains that the launch of procedures for Katund New HPP does not prevent in any case, the subsequent development of hydropower project Skavica.
In clarification of the Council of Ministers said that the referred studies, in the case of the Black Drin, there are several options but the most appropriate and cost less environmental and social recommends that on this river to build two hydropower plants, namely hydropower Skavica (HEC Skavica) and he Katundi New (New village HEC).
According to the government, through the decision, Nr.1068, dated 23.12.2015, the Government has estimated the specified project, presented by the union of "Suzer Group" and "Nurol Holding" to build only "HEC New village", adopting bonus of 8 points.
"References to the Democratic Party for the construction of hydropower makes Skavica is untrue, as the Council of Ministers gave the green light for the construction procedures of HEC only New village. In the case of HEC New village, the government has determined to be no prior sanction of the state obligation to guarantee purchasing power. This means that the investment for this work will be completely private investor would have to undertake to make the market for the energy produced. Of all interested investors HPP to the Black Drin, the union of "Suzer Group" and "Nurol Holding" were the only ones who predicted this element. Such an approach is in line with European Union directives and policies of the government of Albania for the liberalization of the electricity market ", it said in explanation.
Further, the notice states that the decision was taken on 23 December 2015 at the afternoon meeting of the Council of Ministers and that the disclosure of the decision and is transmitted to the State Publication Center which has published within 10 days from the day of delivery, the Although it is a period of several days off because of the holidays.
"With the entry into force of this decision, the Ministry of Energy and Industry will continue with further procedural steps stipulated in Law no. 125/2013, "On concessions and public private partnership", as amended. These steps include the development of a competitive standard documentation (ToR), publishing, evaluation of potential offers and procedure in the event of a successful negotiation of the contract.
At a time when the procedure is not developed yet, there's no way to have fellowship winner of the race. However, the Government can not guide investors what to publish or not on their web sites. Albanian government's task is to ensure respect for the law and a transparent competition process from beginning to end, "he said in explanation.
Referring Skavica HEC, which has not yet commenced proceedings, the government says that the project will have a regulatory role in the greatest all Drin cascade. Consequently, the Ministry of Energy and Industry, taking time and advice to a comprehensive study, is considering the possibility of development in the perspective of this project (HEC Skavica) including Electric Power Corporation as a partner.
http://www.gazetadita.al/qeveria-ja-e-verteta-e-akuzave-te-pd-se-per-hec-skavicen/
For the umpteenth consecutive days, the Democratic Party seeks clarification from the Prime Minister regarding the concession of hydropower Skavica. Grida Duma has said that Rama determine the winner, after secret negotiations and unlawful held in Turkey.
"The transparency of his refusal proves that Rama has chosen the winner, after secret negotiations and unlawful held in Turkey. Rama did not respond, if the company that he has decided to give Skavica, with shopping secret, without competition and transparency, or not blacklisted because of its activity earlier, declared as such by the Turkish authorities the international community? "she said. / Day
http://www.gazetadita.al/grida-i-kerkon-me-ngulm-kryeministrit-pergjigje-per-hec-n-e-skavices/
Water levels up?
Fierze level rose by 8 meters, increase energy production
0
Posted on: January 11, 2016 in Economy
Fierze
Despite heavy rainfalls that fell in recent days, basin hydropower Fierza has not reached the maximum point over 290 meters.
However, the situation has improved significantly in all of the country's hydroelectric plants. Albanian Power Corporation suggests that the water level in Fierzë is 8 meters higher than prior to 31 December.
At the last meeting, the Technical Secretariat of the Special Commission to complete treatment, he recommended that units of the HPP Koman and Vau Deja lowering tendency administered under the provisions of the Rules of treatment complete the following period. The Secretariat estimated that for as long as possible HEC Fierzë kept disengaged the accumulation of runoff and increase energy reserves.
The most recent data Operating and Monitoring Department of the cascade in the AEC, resulting in at 09:00 on 11 January 2016:
Fierzë HEC level was 283.78 m and inflows were about 500 m 3 / sec.
Koman HPP was level at 175.20 m and side flows are around 410 m 3 / sec.
HEC level in Vau Deja was 75.79 m and lateral flows about 100 m 3 / sec.
Albanian Power Corporation guarantees that the situation is completely under control. Currently they are used in aggregates available feeds side basins HPP Koman and Vau Deja while HEC Fierzë be stopped in order to collect the reserve water and relief operations operational management of the situation in two HPP other . / Day /
http://www.gazetadita.al/niveli-ne-fierze-u-rrit-me-8-metra-shtohet-prodhimi-i-energjise/
Economy numbers
Despite priority, agriculture negative impact on the economy. Released the figures for economic growth
In the third quarter of last year, Albania's economy grew by 2.98%. Institute of Statistics said today data on the growth of GDP, the growth was approximately 3% compared to the same period of the previous year.
The construction sector has been instrumental in this growth by about 1:45 percentage points. Other sectors that have been influential professional activities, public administration, education, health, real estate, trade, hotels and restaurants and transport and industry.
Branches that have contributed negatively Agriculture, Forestry and Fishing with -0.28 percentage points, other services by 0.06 percentage points and financial and insurance activities by 0.05 percentage points. Net taxes on products contributed -0.02 percentage points.
The main branches of economy for the third quarter of 2015 compared with the third quarter of 2014 appear below:
Activity Agriculture, Forestry and Fisheries in the third quarter of 2015 compared with the same quarter a year ago there was a decrease of 1.40%.
Group of Industry, Energy and Water had increased by 1.08% in the third quarter of 2015 compared with the third quarter of 2014 where the main impact of this increase has granted under Manufacturing Industry group which itself grew by 7.01%.
Construction activity in the third quarter of 2015 had increased by 16.54% compared with the third quarter of 2014. We recall that at that time, the government had placed a moratorium due to local elections.
Real Estate activity recorded an increase of 5.29% in the third quarter of 2015 compared with the same quarter a year ago.
Group branches professional activities and administrative services appeared with an increase of 10.34% in the third quarter of 2015 versus the third quarter of 2014.
Group of Public Administration, Education and Health in the third quarter of 2015 had increased by 4.70% compared to the third quarter of 2014.
Other services group as arts and entertainment, other service activities, family activities, family activities for own use, activities of international organizations, in the third quarter of 2015 was down by 3.34% compared to the third quarter 2014.
Net taxes on products in the third quarter of 2015 were, respectively, decreasing by 0.14% compared to the third quarter of 2014. / Day /
http://www.gazetadita.al/pavaresisht-prioritetit-bujqesia-ndikim-negativ-ne-ekonomi-instat-publikon-shifrat-per-rritjen-ekonomike/
Information for consideration Looking at the date of the ministers meeting 12-23-15 below it now may be indicating that there was possibly more than one concession reviewed at this meeting thus supporting the relevance of news document found by UHD IMO. also looks like former democratic party is trying anything they can to make energy minister look bad.
Reads as:
New Year there was opposition to begin differently for the Democratic Party, but by issuing the first for the 2016 defamation.
Manufacture of the next day had to do with hydropower Skavica. Suffice Ms. Duma to seek information at the Ministry of Energy and Industry before he came to the conference, but now we learn that the spokesmen of the Democratic Party was not interested in the truth, but defamation that its fabricate, his mediatizojnë and then his trust.
As for the manufacture of their order, we would like to explain to the public that it is perfectly normal to publish the names of prestigious foreign companies, which officially participate in open and transparent procedures concessionary or public private partnerships.
Ministry of Energy and Industry, pursuant to Law no. 125/2013, "On concessions and public private partnership", as amended, and the decision of Council of Ministers no. 576, dated 07.10.2013 "On approval of rules for the identification, evaluation and award of concessions for hydropower", having reviewed the proposal for the construction of hydropower come New village on the Black Drin River, has assessed the State concerned by technical opposition National Agency of Natural Resources, KESH, and other institutions directly related to this project.
At the conclusion of this process, based on the study conducted by the French company "SOGREAH" contracted by the Albanian government precisely to assess hydropower river "Black Drin", the Ministry of Energy and Industry has estimated the project with a bonus (under applicable law) of 8 points, we estimate approved by the Council of Ministers in its meeting dated 23.12.2015.
With the entry into force of this decision, the Ministry of Energy and Industry will proceed with further procedural steps stipulated in Law no. 125/2013, "On concessions and public private partnership", as amended. These steps include the development of a competitive standard documentation (ToR), publishing, evaluation of potential offers and procedure in the event of a successful negotiation of the contract.
It is clear that none of the claims of the Democratic Party is not. The truth is that there is a legal procedure that is followed strictly by the Ministry of Energy and Industry, a procedure that ensures full transparency and fair competition in the interest of the Albanian decision.
ref:
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%2Fal%2Fnjoftime%2Fdeklarata-per-shtyp%2Fprojekti-i-skavices-mei-pd-shpif-ja-e-verteta-e-procedurave&edit-text=&act=url
Nice keep digging and thanks
Top
Projects of the electricity system operators in Albania
Projects TSO
Comprehensive investment plan of TSO for 2015
The project "400 kV interconnection line Albania - Kosovo"
The construction of "400 kV interconnection line Albania - Kosovo (Tirana - Pristina) is funded by KFW Frankfurt Am Main in the form of loan. The aim of the project to the interconnector is to improve security in the most cost efficient losses and smaller transmission and supply of electricity in Albania, fulfill the conditions for an integrated market for electricity in Southeast Europe and create capacity importing and exporting market and regional Kosovo.
Considering that the production of electricity in Albania dominance of hydropower and Kosovo from termoenergjia, this interconnector will help in balancing the market power of the two countries and will reduce the hydrological risk in Albania. Electricity market between the two countries and the region could be developed without limits from the transmission network.
The project, in addition to increasing the capacity of energy exchange and network reliability in the region, will enable optimal resource utilization common electricity to Kosovo and Albania given their complementary nature. Also the implementation of this project will ensure the supply of energy and enhance the viability of the Albanian Power System.
The "Ring 110 kV line South Albania"
The construction of the 110 kV ring line South Albania is funded by KFW Frankfurt Am Main in the form of loan. The aim of the project for the construction of "loops 110 kV Line of South Albania" is closing the ring for the mutual supply of Ersekë area - South and Vlora and Saranda area while significantly improving power settings in areas with tourism priority. This project is in full compliance with the Albanian Government development policy for the energy sector, especially in terms of increasing the transmission capacity of the country by increasing the security of supply and sustainability and strengthening the national electric power system.
Oshea projects JSC
Comprehensive investment plan for 2015 Oshea
World Bank Project "Power Sector Recovery"
Through financial assistance (soft loan) of $ 150 million awarded by the World Bank for the three companies with state capital in the sector is enabling the implementation of the project "Reviving Power Sector", which aims at reducing losses and increasing receipts OSHEE through investments in the system of measuring electricity in substations and guarantees to finance the purchase of electricity, realization of investments in the public power in enhancing the security of electricity supply, as well as increased financial liquidity between power system operators.
Projects KESH
Full investment plan of AEC 2015
Project "Dam Safety Enhancement"
In 2014, rehabilitation works have started at the bottom of the Koman dam and canal exit. These activities enhance the safety of the dam on the lower side and will ensure the building of the plant by the inhibitor mosavancimi toward her. These works are projected to end in March 2016.
This project also provides for intervention in the electromechanical HPP Koman and unloading works HPP Vau Deja, Koman and Fierzë. It must be said that the EPC has a rate increase in recent years, both in equipment and in dealing with problems related to dam safety. This thanks to the cooperation and funding provided by the World Bank and other international institutions.
http://investment.albaniaenergy.org/#post261
Top
Wow what a road trip this has been all starting with a Seawind merger 5 years ago for me.
Top
Here's some info from a Albanian paper on the corruption that was going on in the past, Now we see the shala concessions were tied up right in the middle of it. you can see familiar names like Suzana Guxholli.
http://www.gazeta-shqip.com/lajme/2015/12/29/hakmarrja-e-gjiknurit-cohen-ne-prokurori-tre-ish-ministra-te-pd/
http://www.gazeta-shqip.com/lajme/2015/12/28/privatizimi-i-ossh-mei-padit-3-ish-ministra-te-qeverise-berisha/
http://www.energjia.gov.al/al/njoftime/deklarata-per-shtyp/demi-414-milion-euro-mei-con-ne-prokurori-dosjen-e-privatizimit-te-ossh
Top
PSPW
Interesting they cannot meet there own energy demand
Top
I would totally agree with that statement. They logically would have reviewed the whole package
Top
Pspw
You did great Enpathy got me using it
Nice digging UHD you found a good one
Thanks Wakl I'm glad your on this board
Top
Very Interesting
You got me 21.93 average on 400 also, What a closer today, News or shorts covering?
What a great close this year and great memories that have been created with this little unknown stock.
It has been a pleasure to work this year with everyone on this stock board helping to provide any information, and I would like to close this year with a line from one of best professional racers who ever competed, as I see it fits this stock also.
If you want to Win, When reading the rule book, You have to learn to read between the lines.
Our team is doing that hear! Our DD and logical speculation is on Target
Happy New year!
Top
A Interesting read
Is Mr. Smiths vision is on target with what is transpiring in that sector of the world?
Dubai Financial market is not the same as the Saudi's but may move parallel with it?
http://www.bloomberg.com/news/articles/2015-12-31/here-s-one-part-of-saudi-stock-market-thriving-despite-low-oil
Top
Thanks Guys for time frame analysis from Albanian Database I found when it was applied for. Top
________________________________________________________________
DECISION
No
. 62
Date
,
May.11.
2015
FOR
BEGINNING THE PROCEDURES TO LICENSE
“EURON ENERGY
”
COMPANY
,
IN ELECTRICITY TRADING ACTIVIT
I know who to send that questions too, I will see if I get a response for valuation purposes.
Top
Found this last Night another HUGE piece of the puzzle taking its place. This made my day,and continues to show our research and fact based speculation is on target. Enjoy this reading Springtime is looking good
Posted on: 18 December 2015
Kosovo inaugurates interconnection, Bejtja In spring ends the part of Albania
https://translate.googleusercontent.com/translate_c?depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.energjia.gov.al/al/njoftime/lajme/kosova-inauguron-interkonjeksionin-bejtja-ne-pranvere-perfundon-edhe-pjesa-e-shqiperise&usg=ALkJrhirWCUEgXlNViDgp3n1-94OMk6HNQ
Top
Good news, I Found out why my calls overseas were not going through to Shala this morning.
I called the Ireland office and also Albania office this morning, the calls rang into the offices, but no one answered, Maybe off for the Holidays? or not manned yet? but the phones work.
Top
I have not tried it yet, I received it in a gift exchange Christmas eve. from a family member who has never heard of pspw,
I didn't explain Pspw I just chuckled and keep it to myself.
Top
Hot damn
After reviewing locations a little closer and looking at the Ministry of Energy website and the building structure, I don't think there in the same building but are in close proximity.
Top
No Problem lets all keep digging I like to help Support Enpathy's findings,
You know it's pretty amazing of the number of things this board has discovered that is on target, now if they can just get a shovel stuck in the ground.
Here's some reading on turkey the government privatizations department, I have not linked it to Falak yet.
http://www.oib.gov.tr/index_eng.htm
So I know Boga and Shala is there in that building. Is the government energy office in that building also?
Top
I wanted to post this for board members following PSPW
I tried to call Albania with the shala phone numbers listed on websites with no success getting connected. and we know the email is not configured yet also.
I found an old number in the Albanian phone book when they were on the 11th floor in there building location so I tried that number. Bang it went through,
Guess who answered the phone? It was BOGA (the law firm), She started in Albanian language then switched to English after I repeated hello several times. She said that they represent Shala Energy and that they were working for them.
I explained that I was having trouble contacting Shala Energy and asked for their direct number to their office, she put me on hold, then come back and said that she would give them a message to return my call and asked for my name,number and company. I told her RJM Investments(lol) first thing I could think of. So I’m expecting a call from Shala Energy (LOL).
Now this is kind of of Interesting that Boga is in the previous 11th floor office location, and there new office will be on the 9th floor. Any Thoughts?
On 21 Dec 2015, the ECS published Policy Guidelines on the reform of support schemes for the promotion of energy from renewable sources in the Energy Community Contracting Parties. The Policy Guidelines set out recommendations based on EU best practices in the implementation of renewables support schemes.
The renewable acquis under Title II of the Treaty establishing the Energy Community encompasses the Renewable Energy Directive 2009/28/EC (‘RE Directive”) as adopted and adapted by the Ministerial Council in October 2012. With its adoption, the Contracting Parties of the Energy Community committed themselves to achieving binding national overall renewable energy targets and a separate 10% target of renewable energy used in transport by 2020.
Promoting investments in energy from renewable sources is not only a legal obligation for the Contracting Parties of the Energy Community. It stimulates development of the aging and outdated facilities of their energy sectors while responding to requirements for environmental protection, reducing dependence on energy imports and creating premises for sustainable development and growth.
In order to ensure meeting the policy objectives in renewable energy, Article 3 of RE Directive claims for introduction of support schemes for energy produced from renewable sources or measures of cooperation between Contracting Parties, with EU Member States or with third countries. The introduction of support schemes or cooperation in renewable energy is foreseen to ensure reaching the renewable energy targets in 2020 given the fact that the energy market alone cannot deliver the required investments to meet these objectives and, therefore, a form of state intervention is necessary.
http://renewable.albaniaenergy.org/#post6
Let me ask this, Who is going to step up and make albanian Bio mass sector EU compliant, They are terribly behind in this area and it is Mandated on the EU energy treaty.
Just published
http://renewable.albaniaenergy.org/#post5
Albania in framework of Energy Community (EnC) is committed to binding renewable energy targets of the 2020. The decision is part of the adoption in 2012 of Directive 2009/28/EC on the promotion of the use of energy from renewable sources. In this regard, ACERC has prepared a research study on the progress in renewable energy and an evaluation of action to be taken by the country.
The research identifies, that several compliance gaps with respect to the Renewables Directive remain, in relation to administrative procedures in all sectors. The legislative framework is still not conducive to investments in renewable energy, which is reflected among others in the improper formulation of Power Purchase Agreements which are halting investments, complicated authorisation and licensing rules and unsatisfactory rules for connection to the networks. Biofuels sustainability criteria and establishment of certification schemes have not been adopted in the country.
The research study examine the consistency, effectiveness, relevance and viability of the national legislative measures with the provisions of the Directive 2009/28/EC. The analysis identified inconsistencies in the data reported with official energy statistics, mostly related to biomass consumption. A fully adaptation of directive and the revision of energy statistics based on energy consumption surveys is needed.
The study concludes that some progress has been achieved on the use of renewable sources for electricity generation. Nevertheless, the heating and cooling and transport sectors are severely lagging behind. Then the country is at least slightly below the trajectory for meeting the 2020 renewable energy targets in 2020. In certain sectors, a revision of policies currently in place is urgently needed.