Albania's power distributor OSHEE cuts Jan-Aug grid losses

TIRANA (Albania), September 27 (SeeNews) – Albania's state-owned power distributor OSHEE reduced losses on the transmission and distribution network to 24.4% in the first eight months of 2018, from 27.5% in the like period of 2017, energy minister Damian Gjiknuri said on Thursday.

OSHEE collected 43.7 billion leks ($404.6 million/344.2 million euro) from electricity bills in January-August, up 2.8% year-on-year, Gjiknuri said in a video file posted in its Facebook page.

In 2017, the company’s losses on the power transmission and distribution network decreased by 1.63 percentage points to 26.41%.

Albania produces 98% of its electricity at hydro power plants (HPP). Most of it is generated at three power plants along the Drin River, in the northern part of the country.

(1 euro = 125.681 leks)

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