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Balluku: Albania, Germany and France agree on the second phase of support for the electricity sector
by rezart morinaJune 6, 2023

Albania, Germany and France signed today the financial cooperation agreement that will contribute to the second phase of supporting the Albanian electricity sector.

The Deputy Minister, at the same time the Minister of Infrastructure and Energy, Belinda Balluku said in her speech that "today we are about to sign a financial agreement that will contribute to the second phase of supporting the Albanian electricity sector, which in the last year has been faced with the economic crisis, which also came from the energy crisis, taking into account the Russian aggression in Ukraine in 2022 and taking into account that Albania produces 100% renewable energy, but on the other hand, it is dependent on hydropower plants".

"Last year, we had to import significant amounts to avoid power outages for all our subscribers, so we were exposed to the crazy prices of the worldwide electricity market," said Balluku.

Minister Balluku said that "today's meeting is a good moment and to reflect and make a real balance of the reform of the Albanian electricity sector, that with the support of Germany and France through their financial institutions here in our country KFW and AFD, but even with the support of all the efforts of the ambassadors of Germany and France, it has undergone a radical transformation in recent years".

"This reform has opened the way for the implementation of new policies and projects, which I would call innovative in the field of renewable energy, energy efficiency and remodeling of the domestic domestic market. The reform in the electricity sector has been one of the most challenging. The help of foreign partners has been valuable and not without purpose for the realization of this reform, the instrument of borrowing was chosen based on policies", said Balluku.

According to her, one of the main objectives of the reform was the separation of the Electricity Distribution Operator.

Balluku further said that "the Albanian energy exchange will be a guarantor of energy development and of course the free, transparent and fair trading of electricity in Albania".

"Today ALPEX counts 9 operators registered as members of the stock exchange, while 16 operators are in the evaluation phase and 4 banking institutions have expressed interest in becoming members", said Balluku.

The liberalization of the electricity market, continued Balluku, has been another main request of the partners based on the European directives, but also the agreement on the reform of the sector.

Minister Balluku emphasized that "starting from January 1, 2021, all consumers connected to 35 kV, but also a part of those connected to 20 kV, have come out and are supplied in the free market. Also, consumers connected to the medium voltage have been notified of their exit to the free market in January 2022".

Balluku also announced that "16 foreign companies participated in the first auction of wind power production, 6 of which qualified for the second stage of the financial offer. Tomorrow we will have the opening of 6 envelopes where we will have the winner of the first wind auction in Albania".

"We have had interest from local and foreign investors to develop private photovoltaic projects with funds financed by various banks and to sell energy on the free market. For the year 2022, the amount of applications in total reaches 1.7 gigawatts," said Balluku.

Minister Balluku said that "I believe that the second phase of this reform will be an optimization of what we have started to turn the Albanian electricity sector into a sector that meets the criteria and operating conditions of the EU".

https://rtvahireti.com/balluku-shqiperia-gjermania-dhe-franca-marreveshje-per-fazen-e-dyte-te-mbeshtetjes-se-sektorit-elektroenergjetik/