In a four year period, the Albanian electrical grid will enlarge its connections to the regional electrical grid, with the aim to equilibrate the energy market prices and to create more opportunities for electric energy producers in Albania. Currently, the country has functional interconnections with Montenegro and Greece but it is being worked for the establishment of interconnections with Kosovo in 2016 and Montenegro in 2018.
The regional interconnection is expected to have positive effects in the energy price as well as in the further and ongoing cooperation between Balkan countries in a liberalized energy market. Albania aims to liberalize its energy market at 40% until 2018 by removing the current scheme of regulated tariffs, since the domestic production needs support by regional transmission lines.
This interconnection plan is being implemented by several investors such as the World Bank ($150 ml), Karl Fliether GmbH & Co, European Bank for Reconstruction and Development, the Italian Cooperation, and the Public Operator of Transmission System which will invest about $25 ml in 2015.
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