📋 Tender Overview
Beneficiaries: Albania
Investment window: Energy
Lead IFI: KFW
Status: Preparation
Project Financing
WBIF Grant WB-IG05-ALB-ENE-01 € 8,722,449
KFW Loan € 40,000,000
Total € 48,722,449
Total Grants € 8,722,449
Total Loans € 40,000,000
The hydropower plant is covering 22% of the country’s electricity needs or 1.33 TWh per year but that it is in a poor condition due to lack of investment. Annual losses have reached 4%, she stressed.
The reconstruction will enhance KESH especially with regard to its future role as an energy supplier in the liberalized market in Albania and the region, in Balluku’s view. Domestic power demand has lately climbed as much as 90% from its usual level for this time of the year amid cold weather, but also the rebound from the pandemic impact, she said.
