Tirana, December 9, 2015
The German government will provide a EUR 2 million grant to Albania with the aim to recover and improve the electrical energy sector of the country. The grant will be given by KfW German bank, an important partner of Albania in the energy and infrastructure sectors.
On behalf of this, the Minister of Energy and Industry Damian Gjiknuri and the German Ambassador to Tirana Helmut Hoffman signed an agreement on December 9, at the Ministry of Energy and Industry premises.
After the signing of the agreement, the Minister Gjiknuri delcared that the grant will be used for the recovery of the electrical energy distribution company, adding that “together with KfW bank Albania is compiling a master plan for other investments in the Operator for the Distribution of Electrical Energy. KfW bank has an important portfolio of investments in the electrical energy sector in Albania.”
In turn, the German ambassador declared that such agreement is the continuing of the German government’s engagement in the improvement of the energy sector in Albania. According to him, this agreement is a further important step for the continuous energy supply in the country. Hoffman stressed the importance of the reform in the energy sector undertaken by the government in the past two years and encouraged the government to continue implementing such reforms.
Through this grant, the Operator for the Distribution of the Electrical Energy will provide improved services for the Albanian citizens, network losses will decrease significantly and the company’s management will improve further.
News source/photo credits: ATA