TIRANA, Dec. 5 – Albanian power utility KESH announced on Tuesday that it will import 101,000 MWh of electricity up to the end of February. The decision involves cooperation with three companies from three different countries. Klodiana Gjinaj, spokeswoman of KESH said that 37,200 MWh will be bought in December from the Swiss company Energy Financing Team (EFT). This will ensure the delivery of 1,200 MWh a day. KESH has reached an agreement with the Greek power utility Public Power Corporation (PPC) in order to borrow 60,000 MWh in the three-month period, of which around 1,000 MWh will be transmitted daily in the peak consumption periods. This amount of energy will be returned to PPC between June and August 2007, when the local Albanian demand is lower. For the current month of December, the Slovenian power supplier Istrabenz Gorenje will sell 3,720 MWh of electricity. Tirana started again this week to rumble again from the noise of the power generators all the shops and bars put outside to supply themselves with electricity. They were a clear sign that the energy crisis is knocking again in the country. The power corporation, KESH, has yet to accept that it has started the regular shutdowns but capital Tirana and all the other areas suffer daily cuts without any notice at all. Exempt from the power cuts were embassies, international institutions, hospitals, water supply stations and television stations. The power company’s problems have been compounded by high world energy prices and a significant drop in water levels at northern Albanian plants that produce the bulk of its electricity. Sources from the Fierza Hydropower Station confirm that the lake is only 20 meters away from a complete halt of operations in the electricity producing plant. Currently the lake stands at 164m above sea level. The impact is being felt especially in the northeast region of Albania with the city of Kukes, the nearest to the station suffering up to 8 hours of shortages during the day. The meteorological situation is not helping the country’s dependence upon generous rainfall in the winter months. The imports are needed urgently to avoid the energy crisis. The outdated power plants are unable to produce enough electricity to cover domestic demand. For next year, electricity imports are planned as well at the amount of 2.206 million MWh.
Latest from Business & Economy
Albania’s Currency Exchanges Tied to Drug Money Laundering
Change font size: - + Reset By Tirana Times Staff TIRANA, Albania,October 16,2025. Behind brightly lit kiosks advertising euros, dollars and pounds, prosecutors say a hidden financial system is moving millions in
2 months ago
3 mins read
Kosovo Visitors Drive Summer Tourism Surge as Italian Arrivals Slip
Change font size: - + Reset Kosovo Visitors Drive Summer Tourism Surge as Italian Arrivals SlipTirana, September 26, 2025 — By Tirana Times Staff Albania’s summer tourism season ended on a stronger
2 months ago
3 mins read
Bankers Petroleum Threatens Arbitration Amid Fraud Probe in Albania
Change font size: - + Reset By Tirana Times | July 23, 2025 Albania’s most lucrative oilfield has become the epicenter of what could be the country’s most consequential investor-state confrontation to
4 months ago
5 mins read
Arrests at Bankers Petroleum Spark Questions Over Albania’s Oil Industry and Accountability
Change font size: - + Reset By Tirana Times Staff FIER/TIRANA, July 2, 2025 — In a stunning development that has shaken Albania’s oil sector, police arrested the current CEO of Bankers
5 months ago
4 mins read
What’s driving Chinese FDI in the Western Balkans – and what should be done about it?
Change font size: - + Reset 12 June 2025 Chinese FDI in the Western Balkans has increased substantially, but won’t catch up with EU FDI any time soon. Governments must ensure that
6 months ago
10 mins read