Future 123 found this article today very interesti

Future 123 found this article today very interesting

http://albanianfreepress.al/news/2018/02/hec-...hen-77732/

In Albania, not only will the existing permits given by past governments for hydropower plants not be canceled, but will continue to be built on new ones. Even the existing concessions will be improved so that when their term ends, Albania will not remain an amortized investment
In Albania, not only will not be canceled the concession licenses so far, data for hydropower plants, but will continue to build new ones. This fact has been announced by the Minister of Industry and Energy, Damian Gjiknuri, who used exactly the Honorary Consul conference on economy diplomacy to invite investors to invest in the hydro power sector in the country. "Investments in hydro-energy should continue, whether in small or large hydro plants," he stressed. Further arguing that such processes, even though they pose risks, should not be stigmatized at all. "Normal that any investment in the hydro creates and its problems. Theoretically, Albania may have room for 2-3 thousand mega to build HPPs, but not every water source can turn into energy. But it should not be stigmatized. The state will do its best to provide an acceptable environment and we will gradually go to a liberalized market, "he also said. To go further, even from a regional point of view, such investments. "We are also investing in energy infrastructure to connect with the region and this is an opportunity for export tomorrow," he explained the benefit from the realization of such projects. To conclude with the fact that concession contracts, data on the erection of hydropower plants will be aimed at improving. And this, according to him, that tomorrow, Albania, at the end of them, remain valuable energy works and not that they have once completed their mission of producing electricity. "We are also working on these B contracts to go to a BO model. The government does not intend to take back the HPPs at the end of their lives will be amortized. We want to create more guarantees for private investors to enjoy all these investments in the long run. But even with risks taken on the basis of an acceptable remedy formula, which will not weigh heavily on them, if they agree to enter this scheme, "he appealed to such a case. By thus defending the new government program, which not only does not give up concessional concessions for the construction of new hydropower plants nationwide, but goes even further, favoring them. As has been the case here, easing the procedures for hydropower projects with an investment value of over 100 million euros. And for which the opposition objected, asserting that it was this majority itself, once in opposition,

PROGRESS

Foreigners in Albania, 70% of investments so far in energy

The electro-energy sector in our country turns out to have "sucked" so far the "lion" part of foreign investments realized over the years. Damian Gjiknuri, the representative of the government, said yesterday that the biggest stock of foreign investment is in energy, including oil and gas. "Over 70% of foreign investments have been focused on energy and the fact that it is intensive from the standpoint of capital, as its values ​​are very large in the background."

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