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This recommendation and the attached Report concerning an operation in favor of a special purpose vehicle to be incorporated in Albania (the “Company” ) and fully owned by Corporate Elektroenergjitike Shqiptare Sh. A (“KESH” or the “Sponsor”), is submitted for consideration by the Board of Directors. The facility will consist of a project finance loan to the Company in the amount of up to EUR 9.1 million. The loan will be supported by a guarantee from the Sponsor, which is a state-owned enterprise in Albania. in Albanian power corporation Kesh Bill fake template in word format template | fake utility bill Photoshop document editable free download.
The operation will enable the Company to finance the construction and operation of a 12.9 MW floating photovoltaic plant on the surface of the Vau I Dejës hydropower plant reservoir in Albania, currently owned and operated by KESH..
Accordingly, one of the key priorities of the Albanian National Strategy of Energy is to diversify domestic electricity generation sources and improve the energy mix by developing domestic wind and solar resources.
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KESH expects to sign a deal with an international entity or group of entities to lease a thermal generating asset over one to three years. The contractor should also provide operation and maintenance services throughout the lease period and in line with the production requirements provided by KESH. in Albanian power corporation Kesh Utility Bill in word format template | fake utility bill psd Photoshop document editable free download .
KESH listed nine technical requirements for the facility. Among them is the total installed capacity to be modular to provide production flexibility without impacting the generation efficiency of the plant and operation on light fuel oil and heavy fuel oil, the call reads.
The planned leasing of a TPP is expected to secure enough electricity for the country’s needs while keeping the costs below the market price, as well as to optimize the production of electricity from both hydro and thermal resources to meet demand throughout the whole year. KESH also expects to benefit from surplus revenues from commercial transactions in the free market by exploiting the opportunities of increased market prices, it explained.
Albania’s government authorized KESH in December to temporarily lease a TPP in order to help it satisfy public demand for electricity and mitigate the risks stemming from the surge and unpredictability of electricity prices in the regional markets at a lower cost, KESH said. in Albanian power corporation Kesh Utility Bill in word format template | fake utility bill Photoshop document editable free download.
KESH in January launched a call for expressions of interest for leasing of a TPP for a period of one to three years in a bid to meet electricity needs at lower costs during the energy crisis. The company was looking for a TPP which can be easily deployed and connected to Albania’s transmission grid, it said at the time. Albania’s government authorized KESH in December to temporarily lease a TPP in order to help it satisfy public demand for electricity and mitigate the risks stemming from the surge and unpredictability of electricity prices in the regional markets at a lower cost.
These factors as well as production dependence on the hydro-meteorological outcome puts KESH under excessive operational and financial stress, the company said earlier.
In conditions when not receiving payment for sold electricity over the years, power generation concessionaires are addressing to courts to convert execution orders that the state has the obligation to sell the energy they have. Only during July, the Court of Tirana has issued execution orders against approximately 20 orders against Albanian Power
Corporation KESH. This gives law enforcement service to the KESH who has blocked accounts until the settlement of liabilities against these parties. This scenario makes the situation even more delicate AEC, estimated to be a state-owned company mired in debt. in Albanian power corporation Kesh Utility Bill in word format template | fake utility bill Photoshop document editable free download.
Albania’s government authorized KESH in December to temporarily lease a TPP in order to help it satisfy public demand for electricity and mitigate the risks stemming from the surge and unpredictability of electricity prices in the regional markets at a lower cost, KESH said. These factors as well as production dependence on the hydro-meteorological outcome puts KESH under excessive operational and financial stress, the company said. Albania produces over 90% of its electricity from hydropower plants, most of which are located along the Drin river, in the northern part of the country.