Today: Aug 11, 2026

Tirana 2 power substation to begin operations

1 min read
15 years ago
Change font size:

TIRANA, July 11 – The Italian Development Cooperation has allocated Euro 90 million with the aim to adapt the system to European standards and to integrate it to the Balkan electric power network. The construction of Tirana 2 substation represents one of the infrastructure milestones envisaged by this program, besides the high voltage power line Elbasan-Tirana (already completed) and the Dispatching Center for remote control (in pipeline). The works, amounting to over Euro20 million, were carried out by Ansaldo T&D, an Italian company leader in the field of energy transmission and distribution. The substation is a facility designed to raise/lower the power transmission voltage in order to distribute electricity in an efficient manner and, at the same time, to supply neighboring countries in case of energy surpluses. The initiative has been conceived and implemented in conjunction with the Albanian counterparts, the transmission system operator (TSO) and the Ministry of Economy, Trade and Energy. The inauguration ceremony will be held later this month, says the Italian Development Cooperation.

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
10 hours ago
4 mins read
The Chief Executive Officer of OTP Bank Albania, Mr. Bledar Shella, described this investment as a reflection of the bank’s vision to build long-term and sustainable relationships with its clients.

OTP Bank Albania inaugurates new Private Banking premises in Tirana

Change font size: - + Reset Tirana Times, May 18, 2026 – OTP Bank Albania has inaugurated new premises dedicated to the Private Banking segment, unveiling an exclusive space designed for clients
3 months ago
2 mins read