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Outgoing Albanian minister initiates new €59 mln concession after tax haven scandal

10 mins read
8 years ago
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TIRANA, Jan. 3 – Albania’s outgoing energy minister has initiated tender procedures for another big concession only few weeks after a scandal with an offshore tax haven that had €30 million in Albania public projects cancelled over cheating authorities with false documents. The new tender involves rehabilitating a costly thermal power plant in Vlora, southern Albania, that has already cost Albanian taxpayers $130 million, but has yet to become operational almost a decade after its completion due to problems with its cooling system and high costs of operating on fuel. The Albanian government is now seeking private investors for a…

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