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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

Projects of Common Interest – new study on risk, Thursday, 6 August, 2015

AEI Updates August 2015 Posted on Fri, August 28, 2015 10:41:21

The EU’s ‘Projects of Common Interest’ (PCIs) – major infrastructure projects of European relevance aiming to boost Europe’s security of energy supply and competition in the energy sector – may benefit from a wide range of risk-mitigating incentives and a more fit-for-purpose regulatory treatment, a new study has found.

PCIs can involve investments in multiple countries however this can increase the risks, such as permitting delays and cost and time overruns, involved. Moreover, some PCIs are technologically challenging or very large projects, for example innovative HVDC subsea electricity cables, which can also increase the risk associated with the project.

These risks can impact the viability or the planned timeframe of the project – a situation which the Commission would like to avoid.

EU rules on major cross-border infrastructure projects state that if the risk associated with a PCI is higher than the risk associated with a similar project, then measures may be taken to ensure that the project is still completed on-time and that the risk-reward ratio stays positive for the project promoter.

The study outlines the possible categories of risk – from planning and permitting to the geographical distribution of costs and benefits – and possible technical measures, such as streamlining cooperation and increasing stakeholder participation, which could be taken to mitigate these risks.

Reducing risk would, according to the study, limit the uncertainty faced by promoters and thus reduce financing costs and encourage investments.

The Commission has drawn up a list of 248 PCIs which may benefit from financial support for the EU’s Connecting Europe Facility between 2014 and 2020. In 2014, €647 million was allocated to 34 PCIs, the majority of which involve electricity and gas transmission lines. A total of €650 million has been earmarked for PCI projects in 2015, with the second of two calls for proposal currently open.

The study

Concretization of regional projects, the Nish-Pristina-Durres and the Adriatic-Ionian highways Published on: 27 August 2015

AEI Updates August 2015 Posted on Fri, August 28, 2015 10:17:00

Prime Minister Rama held today a coordination meeting with Kosovo Prime Minister Mustafa and Serbian Prime Minister Aleksandar Vučić to discuss the importance of the construction of the Nish-Pristina-Durres highway. The meeting was attended by the leaders of the EBRD (European Bank for Reconstruction and Development) and the EIB (European Investment Bank), as well as by the Austrian Foreign Minister Kurz and Commissioner Hahn.

Prime Minister Rama noted that big infrastructure projects, whether the highway Nis-Pristina-Durres, whether the Adriatic-Ionian highway, are European projects which promote the interconnection of the Western Balkan countries. In this context, it is important that the construction of these two projects starts as soon as possible. For this reason, expertise and financial support of the European Commission and financial institutions as EBRD and EIB are needed. The construction of these two highways will increase trade exchanges in the Western Balkan region and promote tourism among these countries.

In addition to stressing the importance of the Nish-Pristina-Durres highway, Prime Minister Vučić said that thanks to this project, Belgrade will be connected to Pristina in less than three hours, while the port of Durres will become the nearest sea location for Serbia.

The feasibility study for both projects is expected to be completed at the beginning of 2016, while the EBRD and the EIB, in cooperation with the institutions of the European Union, will assist in the financing of these two highways that will link Albania with neighboring countries and the European Union.