29. 9. 2008

CEZ placed a bid for Albanian distribution

Today, the CEZ utility company has submitted its offer within the privatization procedure concerning the majority interest (76 %) in the sole Albanian distribution company, the Operatori i Sistemit te Shperndarjes (OSSH sh.a.).

The privatized distribution company attends nearly a million of customers and its gross annual electricity supply amounts to 5.3 TWh.

Albania has been affected by a devastating deficiency of electricity lately in particular due to the absence of investment in power development in last decades. The annual volume of imported electricity varies according to the availability of hydroelectric power plants in the country; in 2007, Albania imported approximately 40% of its annual consumption amounting to 6.5 TWh.