Albania Energy Market (IFC-601598)

Countries
  • Albania
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 16, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Albania
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.48 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 24, 2017

Disclosed by Bank Sep 21, 2016


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Project Description
According to bank documents, the objective of this advisory services project is to support the Government of Albania in the establishment of a well-functioning, transparent and competitive electricity Day-Ahead market (Albanian Power Exchange, "APE"). This project has the following components: 1) Completion of Technical assistance and capacity building with relevant stakeholders; 2) Drafting the relevant supporting rules and regulations of the recently approved Energy law; 3) Preparation of the detailed design of the APE; 4) Supporting the establishment and start of operations of the APE.
People Affected By This Project
The objective of the proposed advisory services project is to support the Government of Albania in the establishment of a well-functioning, transparent and competitive electricity Day-Ahead market (Albanian Power Exchange, "APE").
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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