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

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9 years ago
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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…

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