Yearly Electricty Consumption to Increase Five Per Cent
Business, Economy, Invest-Inform, Top News Sunday, December 21st, 2008
Tirana, Dec. 20, 2008 (AENews) – Czech giant of electricity, CEZ that last October won the tender by buy Albanian Distribution Operator OSSH, said that it expect a yearly 5 per cent increase in electricity consumption in Albania.
“The electricity consumption per capita is less than one third of the consumption in the Czech Republic (2 MWh versus 6.3 MWh per capita). In comparison with Austria, the Albanian electricity consumption per capita is even less than one fourth of the Austrian consumption,” CEZ said in a press release.
“Analysts expect that the electricity consumption in the country will grow by five per cent each year; a faster rate is experienced only in Turkey. In other European countries, the electricity consumption mostly grows “only” by two to three per cent,” the company added.
Electricity consumption in Albania stood at 6.5 TW/h during 2007, almost unchanged compared to 2002, due to lack of electricity available.
CEZ is negotiating with the government of Albania for the final contract of OSSH privatization deal. Minister of Economy Genc Ruli, said on Saturday that “negotiations have become more difficult due to the high rates of electrcity theft in the country”.
OSSH owns bad debts from customers in the range of 140 million euro and many experts believe that there is not a realistic scenario to collect such debts.
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