Does Albania have a power supply security problem?

Albania is a net importer of electricity; power supply security is a challenge. Albania’s domestic generation is almost entirely dependent on hydropower since the country’s only thermal power plant is currently inoperable.

What is the situation in the development of the energy sector in Albania?

The situation in the development of the energy sector in Albania 2.1. Electricity production for 2023 8,796 GWh of electricity, almost 11% more than the energy consumption. increase in production by 25.6% compared to 2022, where it was 7,003 GWh.

How many private energy companies are in Albania?

Currently, the number of private Albanian companies that have become part of the Albanian Electricity Stock Exchange has reached 12. Meanwhile, together with the 5 Albanian public energy companies, which were the first to join, the total number of entities goes to 17.

What is the government's plan for the supply of Albania?

The government's medium-term/long-term plan for the supply of Albania. Currently, the company operates two hydropower plants within the Devolli Hydropower capacity of about 197 MW). underground. This would significantly increase the annual electricity production in Albania and improve the management of the Devolli cascade.

What are the key pillars of the Albanian energy policy?

Key pillars of the Albanian’s energy policy. –Government Medium Term/long term Plan for the supply with electricity and gas. -Increasing Security of the energy supply . -Functioning as a regional energy center, that contributes on the development of a safe and the guaranteed energy network in South-East Europe.

How many companies are members of the Albanian electricity Stock Exchange?

on February 1, 2024. The number of companies that are members of the stock exchange has been increasing since the start of operations, on April 11, 2023. Currently, the number of private Albanian companies that have become part of the Albanian Electricity Stock Exchange has reached 12.