Albania, Kosovo agree to set up common energy market

04/12/2019 09:05 Electricity Market

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Kosovo’s power transmission system operator KOSTT said it has signed an agreement with its Albanian peer OST to set up a common energy market of the two neighboring countries.

The agreement is expected to enter into force in April 2020, after KOSTT signs a new agreement with the European Network of Transmission System Operators for Electricity (ENTSO-E), it said in a press release on Monday.

 

The agreement was signed with the knowledge of ENTSO-E and is a prerequisite for the independent operation of the Kosovo.

 

The governments of Albania and Kosovo see the common energy market as a very important step towards increasing electricity transmission between the two countries. They also expect the common market to improve power supplies to consumers in Albania and Kosovo and add value to the energy infrastructure in the region of Southeast Europe.

 

The first step toward establishing a common market was finalized in June 2016 with the inauguration of 400 kV interconnection power line worth 75.5 million euro ($83.4 million) between Albania and Kosovo financed by the German government.

Source: seenews.com

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