City
Epaper

Albanian PM unveils plan to cope with energy crisis

By IANS | Published: October 10, 2021 12:57 PM

Tirana, Oct 10 Albanian Prime Minister Edi Rama has unveiled his government's emergency plan to overcome the expected ...

Open in App

Tirana, Oct 10 Albanian Prime Minister Edi Rama has unveiled his government's emergency plan to overcome the expected energy crisis, in a bid to protect most vulnerable Alban, consumers and small enterprises first.

In a statement issued on Saturday, Rama declared that the plan to overcome the energy crisis will be based on three main pillars, including guaranteeing constant energy power, protecting families and small enterprises from increased prices, and procuring financial means to buy energy, reports Xinhua news agency.

According to the Prime Minister, the government's plan excludes any rise in prices for the families and small enterprises.

The Albanian government, Rama noted, will allocate 200 million euros ($231 million) to overcome the crisis, where half of the amount will go to the energy distribution company, and the other half to guarantee uninterrupted energy supply and to avoid a price rise.

He reiterated that Albania currently is buying energy at a higher price than selling it, due to the fact that the country purchases energy in times of drought and sells it during humid weather.

Rama announced on Friday the government's decision to declare a state of emergency for the country due to expected energy shortages, triggered by high energy prices in international markets.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: XinhuaAlbaniaTirana
Open in App

Related Stories

InternationalGreece braces for first summer heat wave

PoliticsSudan govt willing to work with all parties to end conflict

InternationalCyprus prepares for emergencies in face of approaching heat wave

PoliticsUkraine receives cluster munitions from US

PoliticsBRICS education ministers meet in South Africa

Politics Realted Stories

PoliticsBJP Will Not Cross 200-Seat Mark in Lok Sabha Election, Says Mallikarjun Kharge

PoliticsPM Modi Reacts to Potential NCP (SP) Merger with Congress: Is Sharad Pawar Nervous about Baramati?

PoliticsArvind Kejriwal Counters PM Modi’s Critique of AAP Scheme, says “Why Can’t Women Get Free Bus Rides When....?"

Politics"Whatever I Have Learnt In Politics Has Been Taught By Amethi’s People": Rahul Gandhi

PoliticsExclusive Interview of PM Narendra Modi to Rishi Darda: Congress’ Shahzada Speaking Language of Maoists