Today: May 03, 2026

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

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7 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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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.

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