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Albania Plans to Light Up Development Hopes With $2 Billion Investment in Power and Gas Project, an Industrial Info News Alert

Posted on: Friday, 28 April 2006, 09:00 CDT

Researched by Industrial Info Resources (Sugar Land, Texas). Albania's power sector has been undergoing a process of reform for the last four years under the National Energy Strategy Action Plan. The ERRP (Energy Restoration and Restructuring Program) has focused on building regulatory capacity and transparency in an open energy market, thus allowing the country to participate in the Southeast European Regional Energy Market (SEREM). Albania has been importing over 50% of its electrical energy requirements and its domestic generating capacity has relied mainly on hydropower plus a scatter of small generating plants.

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Source: Business Wire

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