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Dec 20, 2017 16:20 EEST
TIRANA (Albania), December 20 (SeeNews) – Albania's state-owned power corporation KESH said it has sold a total of 5,760 MWh of electricity worth 315,377 euro ($372,520) to be delivered in the December 19 - 22 period.
KESH announced and concluded the auction on December 18, with the highest price offered set as the most important criteria, according to the final report on bids posted on its website late on Tuesday.
Ten domestic and foreign power suppliers and traders participated in the auction, as KESH selected four of them: EFT AG, GSA, Network for Trading doo and GEN-I Tirana shpk.
The prices achieved in the auction were 47.72 euro/MWh for the first lot, 61.11 euro/MWh to 62.06 euro/MWh for the second lot and 52.1 euro/MWh for the third lot.
Albania produces 98% of its electricity from hydropower plants (HPP), most of it from three power plants along the Drin River, in the northern part of the country.
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