TIRANA, April 14 /ATA/ The European Bank for Reconstruction and Development disbursed on Tuesday another EUR 50 million from its sovereign loan for KESH (Albanian Power Corporation0, bringing to EUR 168 million the amount disbursed so far for this vital infrastructure in the energy sector in Albania.
The goal of this long-term program is to restructure the company’s balance sheet and increase financial stability in the energy sector, especially in the current context of the COVID-19 crisis. The fund was disbursed as a result of progress made by KESH and the energy sector in Albania in a number of reforms previously agreed upon with the authorities (in coordination with the Energy Community Secretariat and other international financial institutions) under the financing agreement.
Another USD 50 million is to be disbursed along the path of reforms.
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