
The number of members of the Albanian Energy Exchange has reached 16, where the latest in this process is Devoll Hydopower, part of Statkraft Nordics.
The progress of memberships since April, when the platform started operating, has been slow, but representatives of private companies and the stock exchange have underlined that a number of conditions must be met to be part of this market. Devoll Hydropower is the first of the three largest companies in the country that have invested in significant capacities and are finally included in the stock exchange.
The hydropower plants on the Devoll River are the largest hydropower project of the last 30 years implemented in the country. It includes the two large HPPs Banja and Moglica as well as the Kokel HPP project. The first two hydropower plants in operation have an installed capacity of about 256 Me and a projected production of about 700 GWh/year.
Meanwhile, another project of Devoll Hydropower envisages increasing the capacity by 800 and 1600 MW with an additional investment calculated at 900 million euros.
Regarding the launch of the stock exchange operations, the first to close the membership process earlier this year were public companies, and then this has gradually come with the increase in the number of private companies. Despite the start of operation on this exchange, a modest amount of energy is still traded today.
In October, a total of 96.5 thousand MWh of energy were traded on this exchange at an average price of 107.79 euros. This amount remains small as public companies continue to purchase energy for their needs through auctions announced on their websites, but the aim is to go towards purchases on a platform.