In his remarks at “Albania, A New Frontier” conference in Vienna, Rama highlighted improvements in the electricity distribution company, which previously struggled with a debt of 1.2 billion lek and an uneven billing system.

“About half of consumers were not paying for electricity, forcing the other half to shoulder higher costs,” he said.

Today, Albania benefits from new energy sources, with over 10% of electricity generated from solar power – a figure the government aims to increase to 30%.

“Our goal is to achieve energy sovereignty by 2030, producing all necessary energy domestically throughout the year without imports,” Rama said.

He also pointed to investments in solar and wind energy, along with new technologies related to the hydroelectric system and pumping stations.

“We are investing in solar and wind energy, as well as innovative technologies including stations integrated into the hydroelectric system’s water recycling pumps. This will enable us to reuse the same water and practically increase production capacity by up to 800 MW – a possibility unimaginable just a few years ago,” Rama said.

The government head added that the energy situation will further improve thanks to recent agreements with the United Arab Emirates and Italy on subsea cable connections linking Albania to the European grid.

These agreements also include new investments in renewable energy that will expand existing capacity and enable electricity exports to the European Union.

/j.p/u.sh/