Albania’s power distributor OSHEE cuts grid losses in Jan-July, SeeNews, 22 August 2017

Power Distribution South / All rights reserved

TIRANA (Albania), August 22 (SeeNews) – Losses in Albania’s power distribution network were reduced to 28.1% in the first seven months of 2017 from 28.6% in the comparative year-ago period, the country’s state-owned Electricity Power Distribution Operator (OSHEE) said.

The power distributor collected 37.1 billion leks ($330.1 million/280.6 million euro) from electricity bills in January-July, an increase of 4.2% year-on-year, OSHEE said in a statement on Monday.

The total amount of sold electricity rose by 2.9% on the year, as a result of the more intensive field controls, OSHEE said.

In July alone, OSHEE collected 5.1 billion leks from electricity bills, up 8.26%, while power distribution losses were cut by 1.3 percentage points to 24.69%, the company added.

The World Bank is supporting a set of reforms in Albania’s energy sector through the five-year Power Recovery Project launched in September 2014. The project, financed mainly by the World Bank, aims to reduce electricity losses to 14% by 2019.

(1 euro=132.237 leks)

Disclaimer: The consultation of this article can be made through its original source. The authorship and the opinion expressed pertain to their authors. While all the effort are made by Esc Adriatic to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations may differ and should be discussed with an expert and/or lawyer. For any specific technical or legal advice on the information provided and related topics, contact us at “info@albaniaenergy.org”.

Most Read Publications

Most Visit Sections

Leave a Comment