Draught Already Costing More Than €77 Million

Draught Already Costing More Than €77 Million

Yesterday the Rama government has decided to triple the borrowing budget for electrical energy institution from €1 million to €3.3 million. The long-term draught and high temperatures throughout the country this summer have caused many reservoirs to drop below critical levels. As a result, many hydropower plants are operating on minimum levels. With the current budget […]

Draught Causes Big Energy Bill

Draught Causes Big Energy Bill

The prolonged draught and high temperatures are wreaking havoc on the Albanian energy system. The country is nearly fully dependent on hydropower, and the level of many reservoirs, including the crucial Fierza lake, has dropped to record low levels. In order to avoid a full-blown energy crisis, the Albanian Energy Corporation (KESh) has been forced to […]

Albania on the Brink of Energy Crisis

Albania on the Brink of Energy Crisis

Albania may be soon faced with an electric energy crisis. Disagreement within Prime Minister Edi Rama’s caretaker cabinet and the absence of rainfall is rapidly leading to regular power outages. The water level in the Fierza reservoir, the largest in Albania, is very close to its critical low point. The Electric Energy Distribution Operator (OShEE), which according […]