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Dec 04, 2017 12:45 EEST
TIRANA (Albania), December 4 (SeeNews) – Albania's state-owned power corporation KESH sold a total of 29,590 MWh of electricity for December 1-4 delivery for 1.24 million euro ($1,47 million) in two auctions held last week, according to data posted on the corporate website.
The highest price offered was set as the preferred criteria in the auctions, KESH said .
KESH sold 19,720 MWh for December 1-4 delivery in an auction held on November 30, the company announced on Friday. Nine domestic and foreign power suppliers and traders participated in the auction, of which five were selected to proceed further: EFT AG, GSA, GEN-I Tirana, PLC Interenergo doo Beograd and Network for Trading.
The price range achieved in the auction was 34.00 euro/MWh to 48.17 euro/MWh.
A total of 9,870 MWh were sold in an auction for December 2-4 delivery held on December 1. Four domestic and foreign power suppliers and traders participated in the auction, of which KESH selected two to proceed further: GSA and GEN-I Tirana. The price range achieved was 33.44 euro/MWh to 44.47 euro/MWh.
The highest price offered was set as the preferred criteria in the two auctions
Almost all of Albania’s electricity is produced by hydro power plants.
(1 euro = 131.122 leks)
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