TIRANA, September 11/ATA/ The Albanian government has approved an agreement with German government worth 110 million euros designed for financing of three major projects in the energy sector, of which 20 million euros are grants.
Minister of Infrastructure and Energy Enea Karakaçi said in a media briefing after the government meeting that the first project is related to rehabilitation of dormitories to increase energy efficiency.
According to him, after the successful completion of investments in 15 dormitories, the agreement paves the way for more investments in 14 other dormitories, with the aim of improving conditions and increasing energy efficiency.
The second project is related to the investment in the Vau i Dejës Hydropower plant, one of the most important hydropower plants in the country, built about 50 years ago.
Minister Karakaçi said that Vau i Dejës HPP contributes about 28% of the total electricity production by Albanian Power Corporation KESH and that the investment aims to extend its lifespan by about 30 more years.
The third project is related to digitalization of energy transmission operations. Within its framework, there is foreseen digitalization of about 40 substations, which will enable more efficient management of energy flows and increase energy supply capacities.
Thus, Albania-Germany agreement aims to support investments in energy efficiency, the upgrade of energy production and transmission infrastructure and the increase of the country’s energy security. /e.xh/a.f/p.s./
