PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

25624

Primary Business Area

Infrastructure

Disclosure Date

Oct 27, 2009

Country

Albania

Region

Europe

IFC Approval Date

Jan 28, 2007

Status

Completed

Estimated Total Budget

$2,380,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Oct 26, 2006

Project Description

The project acts as lead adviser to Albania's Ministry of Economy, Trade, and Energy on the unbundling of the electricity-distribution activities of the national electricity utility, Korporata Electroenergjetika Shqiptare (KESH). It also assists the government of Albania with setting up a regulatory framework conducive to private sector participation, and with implementing the privatization procedure. The objective is to mobilize investment in the distribution network, reduce network losses, and thus increase the stability of the country’s electricity supply.