Albanian power supplier OSHEE to be listed on the stock exchange: PM Rama

The Electricity Distribution Operator will be listed on the Albanian Stock Exchange, enabling citizens to become part of the company through the purchase of shares.

The plan was made known by Prime Minister Edi Rama during the presentation of the new Energy Strategy 2018-2030.

“For the energy market, we undertook a courageous process of liberalization and where we predict that in the space of a few years we have a 100% market opening of energy,” PM Rama said.

“Today, thanks to this process, we have begun preparations for another very important step I believe will create a new atmosphere in the relationship between consumers and the energy distribution company, and will lead to another degree the organization of the company, transparency of the company’s work and its efficiency.”

“We have started work for an IPO and we hope that by the end of this year we will be ready to offer Albanian citizens the opportunity to participate as shareholders in the energy distribution company, with the ambition that next year the company will become a company where the massive participation of citizens as shareholders will have a mutual benefit for the company and the citizens, who can be included as the company’s shareholders as contributors and as beneficiaries. This could not be imagined just a few years ago. While today, this is not only possible, but we strongly believe that it is also necessary to bring the company to a new stage.”

“We are very convinced that market liberalization will bring tremendous improvements in every aspect of energy sector activity.”

According to the Minister of Infrastructure and Energy Damian Gjiknuri, 2.7 billion euros will be invested over the next 12 years.

Meanwhile, according to the USAID representative, the Albanian government should be cautious in providing concessions for the construction of hydropower plants.

SCAN

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