KfW loan – Albanian Telegraphic Agency.

Opposition lawmaker: Loan agreement with KfW runs counter to current waste management deals

Urim Shera — Tue, 13 Jun 2023 12:20:23 +0000

TIRANA, June 13 /ATA/ – The main opposition Democratic Party lawmaker Jorida Tabaku said Tuesday that an agreement between the Albanian government and Germany’s development bank KfW on sustainable and climate-friendly management of solid waste ran counter overlapped with current concessionary contracts on waste management.

Speaking at a session of the Parliamentary Committee on Economy that approved a 50-million euros loan agreement with KfW, the opposition lawmaker said that the bank and the German development agency GIZ had proposed a project on building regional landfills, but the project was turned down and violated by the Albanian government.

“Therefore, we can no longer keep implementing the same strategy after three contracts on building incinerators were signed. KfW and GIZ have stated that you have moved to the wrong direction. Now you are saying that you are borrowing money to return to that strategy,” Tabaku said.

According to her, the project will cause additional cost on the municipalities of Tirana, Durres and Elbasan.

/u.sh/

Deputy PM: Government endorses 50 million euro KfW loan to back energy projects

Urim Shera — Thu, 09 Mar 2023 08:12:35 +0000

TIRANA, March 9 /ATA/ – The Deputy Prime Minister Belinda Balluku, also the Minister of Infrastructure and Energy, said that the Albanian government has approved a loan agreement worth 50 million euro with the German government, financed through KfW Development Bank in support of energy projects.

Speaking to reporters following a regular cabinet meeting on Wednesday, the Deputy PM Balluku said the government is pressing ahead with major energy projects also through the support from the international financial bodies in a bid to deliver on its goal to turn Albania into a net energy exporters by 2029.

“Albania is on the right track now, as projects and plans have been set on schedule to deliver on our objective to increase the electricity production by 4 Terawatts by 2029, thus becoming a net energy exporter,” Balluku said.

According to Infrastructure and Energy Minister all the measures to strengthen the energy sector through the KfW support have proven to be efficient in the past four years.

The Deputy PM also said that the Power Exchange will start operating very soon.

/u.sh/