TIRANA (Albania), January 8 (SeeNews) – Albania's state-owned power corporation KESH said it has sold 19,280 MWh of electricity worth 773,778 euro ($930,636) for delivery in the period January 8 - January 15.
KESH announced and concluded the auction on January 5, with the highest price offered set as the most important criteria, according to the final report on bids posted on the corporate website on Saturday.
Eleven domestic and foreign power suppliers and traders participated in the auction, and KESH selected three of them: EFT AG, GSA and Alpiq Energy SE.
The prices achieved in the auction were 39.59 euro/MWh for the first lot and 42.05 euro/MWh to 43.55 euro/MWh for the second 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.