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I wonder more about the possibility of a strategic investment, and that meeting that took place with the energy minister, probably a coincident this is just passed, or not?
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Is Falak a strategic investor?
DCM th adopted pursuant to Law no. 55/2015 "FOR STRATEGIC INVESTMENT IN THE REPUBLIC OF ALBANIA"
From January next year, is expected to put into effect the law on strategic investments. The legal framework is ready and the Albanian government has approved 12.16.2015 9 Important decisions detailing procedures, fees and manner of the Albanian state with strategic investors.
These decisions determine the financial and legal obligations to be met by strategic investors, in order to gain the status, institutional assistance and facilitated procedures for the project.
Under this law services in favor of projects and strategic investors offered by the Agency of Foreign Investment Development AIDA. Our agency will perform the role of "unique window" and will be responsible for providing one-stop services for projects and strategic investments, against the corresponding tariff application. Fees applicable to investment services to investors and strategic: a) fees and administrative service costs b) management fees strategic investment procedures. Payment of this fee is carried out by the interested parties and submitted together with the required documentation for approval status "investment / strategic investor, Assisted procedure" or "investment / strategic investor, unique procedure".
DCMs approved:
DECISION ON STRATEGIC AND AREAS subdivision development priority
DECISION ON APPROVAL OF PROJECTS WITH THE STATUS "STRATEGIC PROJECT WITH POTENTIAL"
DECISION SERVICES INVESTMENT PROMOTION AND REPRESENTATION OF STRATEGIC
DECISION TO EVALUATE STRATEGIC INVESTMENT RECORDS
DECISION ON SERVICE FEES FOR STRATEGIC INVESTMENTS
DECISION ON ESTABLISHING margins, REGULATIONS AND FINANCIAL RECORDS OF WARRANTIES OF STRATEGIC INVESTMENT
DECISION ON PROCEDURES inter-institutional cooperation STRATEGIC INVESTMENT
DECISION ON THE ORGANIZATION AND FORM OF PARTICIPATION IN THE STATE OF STRATEGIC INVESTMENTS AND RULES FOR THE ESTABLISHMENT, OPERATION OF MANAGEMENT OF REAL ESTATE FUND FOR STRATEGIC INVESTMENT SUPPORT
DECISION ON RULES FOR OPERATION, THE ESTABLISHMENT, ADMINISTRATION AND FORMAT, CONTENT OF SAFETY PROCEDURES FOR THE REGISTER OF STRATEGIC INVESTMENT
http://investment.albaniaenergy.org/#post260
New penny stock website
http://www.falakholding.com/
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I think you figured it out
Everyone better sell on Monday
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I agree
New scrolling Flash on shala energy website or old? I didn't see this before.
http://shalaenergyshpk.com/
Thanks Jugs, I'm watching now way oversold IMO
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I think Boga is reviewing the changes made
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Work going on behind the curtain Boga has been dotting the I's and crossing T's
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Looking through the Albanian databases I found this,
This is the last projects publicly announced for license’s as of April 23 2015 from the government of Albania.(they finally updated from feb info)
If you have a minute look at the project locations and the construction of the northern projects and the access in the middle of no where.
IMO possibly this is what 3powers projects will look like, It will blend right into the mountains,and use the pipes to transfer and recycle the water to the top. (maybe?)
You may want to look at the concession rights on this website, holy cow!
http://www.dekliada-alb.al/en/
Last year there was a large fill update for 2014 permits that posted at the end of year in Government site. fingers crossed for shala but not expecting,
I have received confirmation from a reliable Albanian source that the permit time for construction has been changed from previous 90 days to 30 day now to receive permits, and get things rolling.
That's all I have right now.
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I have noticed that, I think the websites have caused frustration to others.
Internergo website also recently updated, under the projects and were there working. Does not mention Albania.
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Turkey is real. Who are they going to sell electricity to in Turkey if they don't have projects there? Hmmm!
Maybe when Falak met with the Energy Minister of Albania he asked if he could run some extension cords through Albania, his next stop will be to talk with Kosovo then Bulgaria to get extension cord easement rights to pass electric to Turkey.
Since they only have one project in Albania they have announced publicly there going to have to plug some cords together, seems like a long distance to transfer your electric to sell it.
Target Markets and Projects
The Company is focusing on utility scale Hydro Power Plant developments and acquisitions globally. Through its offices in Albania, the company plans to expand in the Balkan Countries and Turkey. 3Power is currently developing one of the largest HPPs on the Shala River in Albania, and building a platform for electricity trading in Europe, Turkey and the Middle East.
http://www.3powerenergy.com/generation.html
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Some info to process for the day on the big picture of Albanian Hydro projects,and embedded clues for pspw followers
The hydropower production in Albania is dominated by the public sector. Albanian Electrical Power Corporation (KESH) is the largest producer in the country with a total installed capacity of 1,448 MW. According to data published by ERE the net domestic power generated in 2013 amounts at 6,956 GWh. KESH generated 6,070 GWh or 87% of this production and private HPPs generated 886 GWh or 13%.
The hydro-energy sector contributed only with 2% to the GDP, while reported revenues accounted for 2.7% of the State Budget. Domestic power production covered 89% of domestic needs including technical and financial losses which comprised 42% of total domestic needs. Power exports remain at minimal level at Lek 4.1 billion or 1.6% of total exports.
Data reported from AKBN show that a large number of HPP granted on concessions have not yet commenced the construction or are still under construction, showing delays of two years and above. More specifically, out of 501 HPPs under concession, 307 HPPs with installed capacity of 1,127 MW and forecasted energy at 5,288 GWh have not yet started the construction phase. The remaining of 84 HPPs are in the construction phase.
If assumed that all HPPs were completed within two years from the concession date and produced the energy foreseen in the concession contract the concession fee for the year 2013 would be 1.78 billion Lek (or 17% of total reported revenue), which is at least ten times higher than the actual revenue received from this benefit stream.
reference:
http://investment.albaniaenergy.org/#post255
Someone covering there position to set on free shares. We traded 03 for a long while. Imo
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Right on target 2500 mw of construction. oMG. Albania is only 128 mw
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Weird isn't it, old site but new data
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http://www.3powergroup.com/generation/hydro
appears there updating this site now.
Turkey pops up again?
Looks like 3 power may hit the ground running, I always speculated that we would wake up one day and find we were in business with revenue before the Albanian projects were ever completed, this possibility is looking more favorable at this point IMO.
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Did I read someone mentioned Turkey?
Turkey
3Power is the final stages of negotiation to acquire the majority stake of 200 MW of hydro power plant projects in Turkey. Some of the projects have been completed and are connected to the grid; others are in the development or construction stage. All studies and valuations for the projects have been completed and long term debt finance is in place.
http://www.3powergroup.com/generation/hydro
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Our aim is to transform the energy sector from the heaviest burden of the Albanian State budget and the heaviest obstacle to face the future in a self-financing and contributing sector within 2018.
Here again 2018 pops up, I know one of our websites is not up to its potential, and it may take longer to build the Dams, but I do see overall Transparency, and now feel our shala sphk rights are secure which I was concerned with in the past. This week has been a turning point IMO.
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Brief summary and Reading on Albania and EU
Speech of Prime Minister Edi Rama at Atlantic Council Summit on Energy and Economy held in Istanbul:
Honourable President,
Dear friends,
Once Mustafa Kemal Atatürk said: “Mankind is a single body and each nation is a part of that body.”
Unsustainable patterns of energy production and consumption threaten not only human health and quality of life but also affect ecosystems and contribute to climate change.
Modernization of energy networks, is a serious source of concern for states, government agencies and energy industry as a whole.
At the same time, improving efficiency, reducing losses and the promotion of renewable energy are key links to promote the sustainable growth of Europe in the coming decades.
To achieve those objectives, is more important than ever that countries of a regions should forge joint plans for the sustainable development of the energy sector.
Earlier in July, in Dubrovnik, 15 ministers from Western Balkans and EU countries reached joint conclusions regarding the coordination and regionalization of the energy policy.
Just a very few years ago, some of the countries, the ministers represented at that occasion, were at war among each other’s.
While European reconstruction started with the Iron and Steel Agreement that preceded the creation of the European Union, energy regionalization is the key to the recovery and reconciliation of the Balkans.
South East Europe and especially the Balkans, the richest in Europe in terms of renewable energy reserves, have a very important role to play. Yet, countries in the Western Balkans face many challenges in developing their energy supplies.
Years of under-investment, combined with delayed reforms, have held back the region from developing to its full potential.
Many of the countries still heavily rely on energy from fossil fuels, particularly on base load energy from coal power plants.
When we took office in September 2013, the energetic system in Albania was near bankrupt and the sustainability of the sector was by far the main challenge the country was facing:
Albanian Electric Power Distribution Company had accumulated a huge debt on the range of more than 5% of our GDP, requiring intensive and costly state intervention.
The losses level in the distribution network had reached an historical peak nearly half of the total energy produced or imported, because of theft or lack of investments in more than two decades.
Nearly one in four Albanians wasn’t paying at all their energy bills. In fact, we found a collection ratio that was by far the lowest in Europe. And just to think that our country is the second richest country in Europe in hydropower potential after Norway.
In the light of such a national emergency, it was prepared a very aggressive Action Plan. This action plan aimed at creating a self-sustained and self-financing energy sector, creating room and trust for new investments, increasing the system’s efficiency and its integration with other countries networks.
A huge package of amendments in the power sector law, the civil code as well criminal code was approved alongside with a full package of a radical reform of market liberalization in the energy sector.
The efforts of the government have produced a spectacular transformation in just two years. Now the collection ratio is at nearly 100%, while the level of losses in the distribution sector have fallen dramatically.
For the first time in the last 25 years, the Albanian Electric Distribution Company registered in 2015 operating profits, enabling itself to start investing in the system.
The good management of power resources made possible for us to cover 100% of the demand even though we produced 32 % less power in 2014, compared to 2013 as a result of poor hydrological conditions.
This was lately recognised as a major achievement by the European Commission in its official progress report issued in the past week.
Our aim is to transform the energy sector from the heaviest burden of the Albanian State budget and the heaviest obstacle to face the future in a self-financing and contributing sector within 2018.
Ladies and Gentlemen
In January, an agreement was signed on the permanent synchronous functioning of the Albanian electricity transmission system with the continental European system.
This is a step towards Albania’s full membership of the European Network of Transmission System Operators (ENTSO-E).
For the Western Balkans as a whole, a key element of the reform effort is the Energy Community Treaty – a regulatory and market framework to which the entire region has now subscribed.
It aims to create an integrated regional market for electricity and gas compatible with the European Union’s internal energy market.
The Energy Policy Survey is the first comprehensive review of energy policies and strategies in the Western Balkans and also covers important cross-cutting topics such as co-operation and energy trade, oil and gas transportation, and the links between energy and poverty.
It identifies and assesses the reforms that are still needed to deliver efficient, modernized energy systems that can assist economic development, address energy poverty and reduce the environmental impacts of energy use.
Based on the existing interconnection lines with Greece and Montenegro, and considering the building in progress of new interconnections under construction with Kosovo and Macedonia, Albania is diversifying and consolidating its energy position in the region.
Moreover, the TAP pipeline, which would bring the Caspian Gas from the field of Azerbaijan to Western Union through Albania, puts for the first time our country in the centre of geo-strategic policy of European Union.
The completion of TAP project, the initiation of the Ionian-Adriatic Project and considering significant discoveries in the eastern Mediterranean Sea, that could make Israel and Cyprus new suppliers to the European gas market, in longer term Albania has every chance to play a vital role in the energy sector in the region.
It is common sense today in the EU as well, that energy security has become a challenge for all of Europe thus the efforts to diversify the sources in Balkans and beyond should be shared.
The Energy Union in the Balkans is today very clearly a commitment to fundamental and lasting change for our region and the whole of Europe.
And I want to conclude with the quote: There is no energy crisis, but there is only crisis because of ignorance. Our case is a proof and being here together is first and foremost coming together for increasing our horizon of knowledge, and I’m sure through more knowledge we will avoid the crisis ahead.
Thank you very much.
***
Prime Minister Edi Rama attended on Thursday the Atlantic Council Summit on Energy and Economy, held in Istanbul. The summit serves as a platform for the co-ordination of economic, political and energy policies by the United States in EU and Central Asia countries.
ref"
Speech of Prime Minister Edi Rama at Atlantic Council Summit on Energy and Economy held in Istanbul:
Honourable President,
Dear friends,
Once Mustafa Kemal Atatürk said: “Mankind is a single body and each nation is a part of that body.”
Unsustainable patterns of energy production and consumption threaten not only human health and quality of life but also affect ecosystems and contribute to climate change.
Modernization of energy networks, is a serious source of concern for states, government agencies and energy industry as a whole.
At the same time, improving efficiency, reducing losses and the promotion of renewable energy are key links to promote the sustainable growth of Europe in the coming decades.
To achieve those objectives, is more important than ever that countries of a regions should forge joint plans for the sustainable development of the energy sector.
Earlier in July, in Dubrovnik, 15 ministers from Western Balkans and EU countries reached joint conclusions regarding the coordination and regionalization of the energy policy.
Just a very few years ago, some of the countries, the ministers represented at that occasion, were at war among each other’s.
While European reconstruction started with the Iron and Steel Agreement that preceded the creation of the European Union, energy regionalization is the key to the recovery and reconciliation of the Balkans.
South East Europe and especially the Balkans, the richest in Europe in terms of renewable energy reserves, have a very important role to play. Yet, countries in the Western Balkans face many challenges in developing their energy supplies.
Years of under-investment, combined with delayed reforms, have held back the region from developing to its full potential.
Many of the countries still heavily rely on energy from fossil fuels, particularly on base load energy from coal power plants.
When we took office in September 2013, the energetic system in Albania was near bankrupt and the sustainability of the sector was by far the main challenge the country was facing:
Albanian Electric Power Distribution Company had accumulated a huge debt on the range of more than 5% of our GDP, requiring intensive and costly state intervention.
The losses level in the distribution network had reached an historical peak nearly half of the total energy produced or imported, because of theft or lack of investments in more than two decades.
Nearly one in four Albanians wasn’t paying at all their energy bills. In fact, we found a collection ratio that was by far the lowest in Europe. And just to think that our country is the second richest country in Europe in hydropower potential after Norway.
In the light of such a national emergency, it was prepared a very aggressive Action Plan. This action plan aimed at creating a self-sustained and self-financing energy sector, creating room and trust for new investments, increasing the system’s efficiency and its integration with other countries networks.
A huge package of amendments in the power sector law, the civil code as well criminal code was approved alongside with a full package of a radical reform of market liberalization in the energy sector.
The efforts of the government have produced a spectacular transformation in just two years. Now the collection ratio is at nearly 100%, while the level of losses in the distribution sector have fallen dramatically.
For the first time in the last 25 years, the Albanian Electric Distribution Company registered in 2015 operating profits, enabling itself to start investing in the system.
The good management of power resources made possible for us to cover 100% of the demand even though we produced 32 % less power in 2014, compared to 2013 as a result of poor hydrological conditions.
This was lately recognised as a major achievement by the European Commission in its official progress report issued in the past week.
Our aim is to transform the energy sector from the heaviest burden of the Albanian State budget and the heaviest obstacle to face the future in a self-financing and contributing sector within 2018.
Ladies and Gentlemen
In January, an agreement was signed on the permanent synchronous functioning of the Albanian electricity transmission system with the continental European system.
This is a step towards Albania’s full membership of the European Network of Transmission System Operators (ENTSO-E).
For the Western Balkans as a whole, a key element of the reform effort is the Energy Community Treaty – a regulatory and market framework to which the entire region has now subscribed.
It aims to create an integrated regional market for electricity and gas compatible with the European Union’s internal energy market.
The Energy Policy Survey is the first comprehensive review of energy policies and strategies in the Western Balkans and also covers important cross-cutting topics such as co-operation and energy trade, oil and gas transportation, and the links between energy and poverty.
It identifies and assesses the reforms that are still needed to deliver efficient, modernized energy systems that can assist economic development, address energy poverty and reduce the environmental impacts of energy use.
Based on the existing interconnection lines with Greece and Montenegro, and considering the building in progress of new interconnections under construction with Kosovo and Macedonia, Albania is diversifying and consolidating its energy position in the region.
Moreover, the TAP pipeline, which would bring the Caspian Gas from the field of Azerbaijan to Western Union through Albania, puts for the first time our country in the centre of geo-strategic policy of European Union.
The completion of TAP project, the initiation of the Ionian-Adriatic Project and considering significant discoveries in the eastern Mediterranean Sea, that could make Israel and Cyprus new suppliers to the European gas market, in longer term Albania has every chance to play a vital role in the energy sector in the region.
It is common sense today in the EU as well, that energy security has become a challenge for all of Europe thus the efforts to diversify the sources in Balkans and beyond should be shared.
The Energy Union in the Balkans is today very clearly a commitment to fundamental and lasting change for our region and the whole of Europe.
And I want to conclude with the quote: There is no energy crisis, but there is only crisis because of ignorance. Our case is a proof and being here together is first and foremost coming together for increasing our horizon of knowledge, and I’m sure through more knowledge we will avoid the crisis ahead.
Thank you very much.
***
Prime Minister Edi Rama attended on Thursday the Atlantic Council Summit on Energy and Economy, held in Istanbul. The summit serves as a platform for the co-ordination of economic, political and energy policies by the United States in EU and Central Asia countries.
ref :http://updates.albaniaenergy.org/#post364
Good comments Kfa
For any new reader, Their is many of us that have been here for many years with our patients being tried.
It's exciting to see new developments slowly starting to appear in any format.
After studying Albania and seeing how the whole energy sector was on verge of collapsing just several years ago and Pspw trying to enter that market at that time, it is now obvious to me why this whole project was parked.
The early days of PSPW and Seawind and their failed projects do not matter to me anymore except for share structure allotment. I feel This is a new company gearing up at this point
I feel fortunate that Hany was able to bring Falak to the Company, and this developed this way because this would have been triple 000 forever bagholder if Falak wasn't here. IMO
Regards
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He has 15 million reason to make this go.
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Management Team
3Power engaged and outsourced best of the industry teams, who work on its project development, engineering and operation.
Mr. Mohammed Abdulrahman Falaknaz
President and Chairman
Mr. Sharif Rahman
CEO and Interim CFO / Board Director
Mr. Hani Salem
Vice President-Business Development & Investment Management / Board of Directors Advisor
I think those shares are going to get the job done for you
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Website looks nice
been looking for turkey hpp projects
http://www.hydroworld.com/articles/print/volume-22/issue-5/features/reaching-for-turkey-s-hydropower-summit.html
Did you see the 2015 press release tab? maybe a news letter again soon.There picking up where they had paused?
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yes I saw them earlier, They may be working on that section again, I have seen new parts populate several times
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Great, looking forward to seeing it after it updates, hopefully by morning
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stark try clearing your history and cache in your browser if you cant get in, that might help
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website coming up in pieces
Turkey and middle east?
Maybe something in the Q this week
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Another website is up for Dukagjini Group Mr. Ekrem Lluka, his company
http://www.dukagjinigroup.com/
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