TIRANA (Albania), March 14 (SeeNews) – Albania's state-owned power corporation KESH said it sold a total of 34,786 MWh of electricity worth 652,126 euro ($16.5 million) for delivery in the March 5-16 period.
KESH announced and closed two separate actions on March 4 and 6, with the highest price offered set as the most important criteria, according to the final reports on the results of the auctions posted on the company website on Tuesday.
Six domestic and foreign power suppliers and traders participated in the auctions, and KESH selected four of them: Danske Commodities AL, EFT AG, Future Energy Trading and Exchange Dynamics shpk, and GEN-I Tirana shpk.
The price ranges achieved in the auctions were 11.2 euro/MWh for the first lot and 11.27 euro/MWh to 32.05 euro/MWh for the second lot.
Albania produces 98% of its electricity at hydro power plants (HPP). Most of it is generated at three power plants on the Drin River, in the northern part of the country.
($ = 0.80909 euro)