OSHEE buys 20 mln euro of power supply, 6% less than needs, SCAN, 31 August 2017

The Electricity Distribution Operator OSHEE has concluded the power purchase procedures for September, while the amount spent goes to 20m euros.

After closing the negotiations, the company managed to buy 271,620 mwh or 6% less than the required quantity.

OSHEE claims that it negotiated with ten companies for the purchase of energy, of which 9 were accepted and, although as in no other time, the negotiations continued for another five rounds, the entire quantity could not be obtained.

Meanwhile, the amount demanded by OSHEE was 288,600 MWh, while the remainder will be required to the Albanian Power Corporation.

Over the past three months, the country’s energy situation has deteriorated due to the prolonged drought, which also caused KESH to buy 115,200 MWh for September at an average price of 62.33 Euro / MWh.

Meanwhile, OSHEE has purchased for the period July-September a total of nearly 80 million Euros of energy.

Regarding the company’s financial situation, the distribution operator explains that it has the necessary liquidity, as the company has receipts of about ALL 5 billion per month or 36 million euros, but the problem lies in the fact that everything is being used for energy funds, while the company also has to make investments.

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 through “info@albaniaenergy.org”.

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