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EU & WBs / Albania Energy Investment Updates

Presentation of Albanian Centre for Energy Regulation and Conservation - ACERC

ACERC is a think tank centre with focus on the Albania energy market and its integration in the regional IEM. The Acerc mission base on the in-depth knowledge of EU and regional energy law and policy and strives to provide a qualified contribution to the promotion of the liberalization and effective integration as well as efficient use of energy resources.

main activities briefly consists in build-up collaborations and supports to market players in study researches such as the certificate reports, articles and periodicals. The transfer of high expertise through building-up institutional capacities by national and regional training courses, seminars and conferences. The institutional representation and integration within framework of the forum of Albanian School of Regulation.

For more visit us at the Official Website of Acerc | Albanian Energy Market - AEM Group in LinkedIn

Albania: Results of competition for the exploration of free blocks

AEI Updates July 2015 Posted on Mon, July 27, 2015 13:05:57

Pursuant to the Order of AKBN’s Executive Director, no. 1183, dated 15.07.2015, “ON THE ESTABLISHMENT OF A COMISSION ON REVIEWING THE SUBMITTED PROPOSALS BY HYDROCARBON COMPANIES” commissioners received the application documents deposited in AKBN, Record sheet no. 1217, dated 07.16.2015.

To this purpose another Record sheet no. Prot 1217/1, dated 16.07.2015 was drafted.
Pursuant to the verification of the submitted documentation, the commission ascertained that applications were submitted for Block 4 and Block Dumre, as it follows:

-Block 4

1.Shell Upstream Albania B.V dhe Petromanas ALBANIA GmbH

2.Interland Investment SA

-Block Dumre

1.Shell Upstream Albania B.V dhe Petromanas ALBANIA GmbH

2.Interland Investment SA

3.Navitas Petroleum Limited

Applicants’ proposals are being considered.

Italy, 16.4 million EUR of soft loans for the energy sector 23/07/2015

AEI Updates July 2015 Posted on Mon, July 27, 2015 12:35:39

The Ministry of Energy and Industry will use 16.4 million EUR of soft loans, offered by the Italian government, in support of the Albanian energy sector. The cooperation memorandum was signed by Foreign Minister Damian Gjiknuri and Italian Ambassador Massimo Gaiani.

The funds remaining from the program “Technical and Managerial Restructuring of KESH, and the repair of the Albanian electric system – APE1” and “Restructuring and repair of the Albanian electric system for its integration in the Balkan system – APE 2”, which foressees a soft loan of 93 million EUR for the Albanian government, and a grant component of 1 million EUR.

“There will be investments in the Himara-Saranda region. The new substations in Orikum-Himara will complete the distribution network in that important area for the tourist potentials. Eight million EUR will be invested in the years to come”, Minister Gjiknuri declared.

“First of all it is the empowering of the distribution system in the southern area, which has an important tourist potential for the country. The second part of the activities is related to the enlargement of the supervisory system and the data control with the Skada system, which will be used in all substations with 110 KW. Through these projects, the Albanian electric-energetic system will be more credible and more integrated in the European ssytem, and will take energy where it is mostly needed”, said the Italian ambassador, Massimo Gaiani.