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Jul 27, 2023 12:54 EEST
July 27 (SeeNews) - The Albanian government decided to extend the state of energy supply emergency, first introduced in 2021, by a further six months, the prime minister’s office said.
The decision prolongs the measure to the end of 2023, the prime minister's office said in statement.
Under the state of energy supply emergency the government is able to allocate funding for electricity imports and suspend any kind of investment by state-owned energy suppliers, except from mandatory expenditures, according to documents published earlier by Albania's energy regulator, ERE. When the state of emergency is in force, the country's energy security is ensured by an inter-institutional group led by prime minister Edi Rama.
Rama first declared the state of energy supply emergency state in November 2021 with the end date set for April 15, 2022. The decision was prompted by rising global electricity prices and Albania's reliance on weather-sensitive water resources that requires energy imports.
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