OSHEE to invest EUR 294 million over five years - Hydro Balkans
+44 207 394 30 90 (London)

OSHEE to invest EUR 294 million over five years

Main » News » OSHEE to invest EUR 294 million over five…

Albania’s power distribution network operator OSHEE plans to invest ALL 37.1 billion (around EUR 294.2 million) in the power supply facilities over the next five years.
According to the Albanian media, OSHEE’s investment plan has been sent to the Albanian energy regulator, ERE.

OSHEE’s representatives expect the investments to produce a financial effect of EUR 55 million annually thanks to the reduction of grid losses.

The company projects a decrease in power grid losses of 9.9% by 2021, while calculations show that a 10% reduction in losses saves EUR 50 million – EUR 55 million annually.

This will mean an investment return in between six and 6.5 years, according to Ceno Klosi, director of the economic department at OSHEE, Albanian portal Scan-tv reported.

The company also plans investment in maintenance and the metering system to reduce technical and non-technical grid losses and to increase the security of supply. Investments in 2018 are projected to ALL 8.8 billion (some EUR 70 million), which is the highest annual amount under the five-year investment plan.

In 2019, OSHEE plans to invest ALL 7.7 billion (around EUR 61.2 million), in 2020 ALL 8.4 billion (EUR 66.8 million), in 2021 ALL 7.5 billion (EUR 59.7 million), and in the last year of the program, 2022, ALL 4.7 billion (EUR 37.4 million).

Power recovery project launched in 2014 in cooperation with World Bank
The Albanian government and the World Bank launched a power recovery project in 2014 with the objective of improving the reliability of power supply and the financial viability of the power sector. The goals included minimizing electricity losses, which were at 45% at the time. According to the World Bank data, the losses were at 26% in May 2018, while the target is 14% by June 30, 2019.

The target for 2018 is 24%.

In January, the World Bank published a report saying that OSHEE had not fulfilled its objective of reducing losses under to the power recovery project.

In reaction, OSHEE CEO Adrian Cela said that the company will ask the World Bank to review the target of OSHEE’s technical losses under the project, the company said on its website.

Source: https://balkangreenenergynews.com

MORE:

Montenegro’s EPCG gets loan from Germany’s KfW for hydro plant overhaul

SARAJEVO (Reuters) – Montenegro power utility EPCG EPCG.MOT signed a 33 million euro ($36.5 million) loan deal with German state-owned development bank KfW [KFW.UL] on Wednesday to help fund the overhaul of three turbines at its 307 megawatt (MW) Perucica hydro power plant. The deal is a part of the KfW’s ongoing 80-million-euro Greening Public…


Consultant sought to help launch renewable energy auctions in Kosovo

Author: Balkan Green Energy News The European Bank for Reconstruction and Development (EBRD) has invited expressions of interest in providing it with consultancy services in order support the Government of Kosovo* in developing and implement a competitive scheme for the award of future support to renewable energy generators. The EBRD previously engaged with the Kosovo*…


Montenegro govt endorses concession deal with PM Hydro for HPP construction

PODGORICA (Montenegro), September 6 (SeeNews) – Montenegro’s government has approved a concession agreement with local company PM Hydro for the construction of a 995 kW hydro power plant (HPP), it said on Friday. The project envisages the construction of a hydro power plant on Vranjestica river in Kolasin municipality, which will produce 3.35 GWh of…


HPP BUK BIJELA

In March 2019 Serbia and Republika Srpska (RS) intend to jointly build the hydropower plant (HPP) Buk Bijela. The installed capacity of more than 180 MW, will equally contribute

to the energy stability of Serbia and the RS. HPP Buk Bijela will be built about 11.6 kilometres upstream from Foča. It is planned to be equipped with three hydro generators with

a total capacity of 93 MW, with the expected average annual electricity generation at around 330 GWh. The project would require an investment of EUR 193 million. Elektroprivreda Srbije (EPS) is currently reviewing the project for HPPs Buk Bijela, to be followed by determining the pace of implementation.

OVERHAUL OF DJERDAP 1,2 HPPS

At the end of 2017, EP S announced its intention to overhaul 10 units of HPP Đerdap 2 over 10 years, to help ex tend the plant ’s lifespan and boost its capacity by 50 MW. EPS and Siloviye Mashiny are cooperating on the overhaul of HPP Đerdap 1. The overhaul began in 2009. In Jul y 2018, the t wo companies signed a contract on the modernization of the A2 and A3 units in or der to complete the revitalization of the entire HPP in 2021.

CONSTRUCTION OF 2 SMALL HYDROPOWER PLANTS

EPS (Serbian state-owned power utility) plans the construction of 2 small hydropower plants on existing dams – SHPP Celije and SHP P Rovni. The project is a part of the programme for reconstruction of SHPPs through the loan of EBRD. The programme encompasses the reconstruction of 15 SHP Ps with total installed capacity of 18 MW. The project also includes the supply of electrical and mechanical equipment and their installation. Once the tender documents are signed, the works will be completed within 62 weeks.