Today: Apr 30, 2026
Subscribe
Login
·

Electricity crisis: Albania uses emergency World Bank loan, revises budget

by
3 mins read
9 years ago
Change font size:

TIRANA, Aug. 28 – The critical situation that Albania’s hydro-dependent electricity sector has been facing in the past few months due to prolonged drought, has forced the government to make use of an emergency World Bank loan and revise the 2017 budget to increase support to state run companies for electricity purchases. State-run power utility, KESH, which manages the country’s main three hydropower plants currently generating less than a fifth of the country’s needs due to one of the worst droughts in decades, purchased electricity worth €7.2 million for next September, making use of a World Bank €22.4 million loan…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Story Highlights

  • State-run power utility, KESH, which manages the country's main three hydropower plants currently generating less than a fifth of the country's needs due to one of the worst droughts in decades, purchased electricity worth €7.2 million for next September, making use of a World Bank €22.4 million loan intended for emergency electricity imports.

Latest from Business & Economy

Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

Building a Trusted Health Tourism Ecosystem: Albania’s Next Competitive Advantage

·
Change font size: - + Reset by Professor Alaa Garad Tirana Times, March 17, 2026 – There are countries you visit, and there are countries you remember. Albania is rapidly becoming the
1 month ago
7 mins read
Subscribe
Login