Today: Sep 17, 2026

Costly electricity imports unveil need for diversification of hydro-dependent sources

5 mins read
9 years ago
Change font size:

TIRANA, July 31 – The Albanian government spent about €30 million to secure electricity for August 2017 in expensive imports for the second month in a row as the country’s hydro-dependent domestic electricity generation has been paralyzed due to one of the worst droughts in decades. Last week’s tender held by state-run OSHEE electricity distribution operator also saw a sharp increase in electricity prices as regional demand is at its peak and authorities had to renegotiate with all bidders to increase the amount of electricity and slightly reduce offered prices. OSHEE distribution operator says it purchased 434,000 MWh of electricity…

Yearly subscription Membership Required

You must be a Yearly subscription member to access this content.

Join Now

Already a member? Log in here

Latest from Business & Economy

Prime Minister Rama, Former Deputy PM Ministedr Balluku and Mr. Bexhet Pacolli
Prime Minister Rama, Former Deputy PM Ministedr Balluku and Mr. Bexhet Pacolli

Vlora Airport Heads to Arbitration

Change font size: - + Reset Albania faces another potentially costly international dispute after losing several arbitration cases in recent years that have exposed the state to hundreds of millions of euros
1 month ago
4 mins read