EU & WBs / Albania Energy Investment Updates

EU & WBs / Albania Energy Investment Updates

Presentation of Albanian Centre for Energy Regulation and Conservation - ACERC

ACERC is a think tank centre with focus on the Albania energy market and its integration in the regional IEM. The Acerc mission base on the in-depth knowledge of EU and regional energy law and policy and strives to provide a qualified contribution to the promotion of the liberalization and effective integration as well as efficient use of energy resources.

main activities briefly consists in build-up collaborations and supports to market players in study researches such as the certificate reports, articles and periodicals. The transfer of high expertise through building-up institutional capacities by national and regional training courses, seminars and conferences. The institutional representation and integration within framework of the forum of Albanian School of Regulation.

For more visit us at the Official Website of Acerc | Albanian Energy Market - AEM Group in LinkedIn

Croats Puts Off Major Oil and Gas Deals Until After Election Jasmina Kuzmanovic and Ladka Bauerova, September 24, 2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Mon, September 28, 2015 21:50:44

The Croatian government postponed the signing of all oil and gas production-sharing accords until after this year’s general elections in a move that may delay concession revenue inflow.

Agreements with Eni SpA, Medoil Plc, INA Industrija Nafte d.d., Oando Inc and Vermilion Energy Inc for on-shore and off-shore drilling were delayed as the government wants to avoid pressure from environmental groups and the opposition in the election campaign, Economy Minister Ivan Vrdoljak said in a phone interview late on Wednesday.

“We don’t want these contracts, in which we put a lot of hard work, to become fodder in election campaign,” he said. “We hope to win and sign the contracts in the first cabinet session.”

The Adriatic nation was looking at “pure budget revenue” of 8 billion kuna ($1.2 billion) a year over 25 years beginning in 2020, when the production was expected to start, said Barbara Doric, head of state hydrocarbon research agency. The companies’ investment during the research phase was estimated at “more than a billion dollars” as it would boost local shipping, shipbuilding, construction and disposal of waste industries, she said.

The European Union’s newest member, whose economy is expected to recover in 2015 after six years of recession, needs the revenue to narrow its budget deficit, forecast at 5 percent of gross domestic product for this year. It also needs to cut its public debt, estimated to rise to 92 percent of GDP in 2016.

Indigenous Sources

A delay in the signing of the contracts may also hurt Croatia’s efforts to develop more indigenous sources of oil and gas and become an energy supplier for central and eastern Europe, decreasing the region’s dependence on Russian gas.

Governments in the region should take advantage of dropping oil prices “because now is the time to pitch for contracts so when the oil prices come up again, you can take advantage of that,” said Mathios Rigas, the head of the largest Greek hydrocarbon producer, Energean Oil & Gas SA, in an interview in Dubrovnik.

“Oil companies also don’t have time to wait for two or three years until a government makes a decision,” said Rigas, adding his company would be interested in Croatia’s next off-shore licensing round.

Sliding Support

The Social-Democrat-led bloc of Prime Minister Zoran Milanovic has seen its support slide as it battled the country’s longest recession on record. The Social Democrats, without their electoral allies, trailed the Democratic Union 23.2 percent to 31.8 percent in an Ipsos PULS opinion poll last month. The survey of 954 likely voters was conducted from Aug. 1 to Aug. 15.

The election date will be picked by President Kolinda Grabar Kitarovic after Parliament dissolves on Sept. 25. It may be held on any of five consecutive Sundays beginning Oct. 25.

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KOSTT Invitation for Expressions of Interest - Kosovo Transmission Development Project-Project Implementation Consultant

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Mon, September 28, 2015 21:25:08
Business sectorPower and Energy
Project IDOp ID 45552
Funding sourceEBRD loan proceeds
Type of contractCounsultancy Services
Type of noticeInvitation for Expressions of Interest
Issue date23.09.2015
Closing date 23.10.2015


Kosovo Transmission Development Project

Project Implementation Consultant

Assignment Description: The Transmission System and Market Operator Company in Kosovo (KOSTT or the Client) intends using the proceeds of a loan from the European Bank for Reconstruction and Development (the Bank) for the financing of Kosovo Transmission Development Project.

The proposed project has a total estimated cost of about Euro 36 million to be financed by the Bank and the Company, and will require the procurement of the following goods, works and services for:

  1. GIS Substations: 110/10(20) kV - Prishtina 6 and 110 kV HIS in SS Prishtina 4, 110/10(20) kV - Fushe Kosova, 110/10(20) kV - Mitrovica 2, 110/10(20) kV - SS Theranda and 220/10(20) kV - Drenasi 2
  2. Power Transformers: 2x40 MVA in SS Prishtina 6, 2x40 MVA in SS Fushe Kosova, 2x40 MVA in SS Mitrovica 2 and 2x40 MVA in SS Drenasi 2
  3. Transmission Lines and Cables: 110 kV Single circuit line Rahoveci - Theranda, 110 kV Double circuit line and cables Fushe Kosova, 220 kV Double circuit line Drenasi 2, 110 kV Double circuit cable line Mitrovica and 110 kV Double circuit cable line Pristina 6
  4. Consultancy Services for a Project Preparation
  5. Consultancy Services for Capacity Building
  6. Consultancy Services for Project Implementation (this Notice)

All procurement financed by the EBRD loan proceeds will be undertaken in full compliance with EBRD’s Procurement Policies and Rules (PP&R).

This invitation for Expression of Interest is issued for No. 6 the Project Implementation Consultant. The Project will be implemented by KOSTT located in Pristina. The consultancy services will mainly focus on contracts management supervision, project monitoring, evaluation and reporting. The Consultant needs to meet the listed qualification criteria in below.
The principal objective of this assignment is to deliver assistance to the Client during Project implementation in order to ensure that all Bank financed contracts are carried out in accordance with relevant contracts conditions in terms of quality and schedule. The Consultant will assist the Client with the following tasks:

A. Assistance in Site Supervision, Monitoring and Reporting

During the implementation period all contractors shall be obliged to submit updated schedules, showing the actual status of their progress e.g. manufacturing, delivery, installation and construction status. This information shall be incorporated in the project master plan to detect discrepancies to the planned project progress in time. If significant discrepancies are detected countermeasures should be initiated by the PIU to avoid a shifting of the project key dates.

B. Testing, Commissioning and Operational Acceptance

  • Assist in testing procedures as required by Client;
  • Monitor commissioning, testing and acceptance procedures;
  • Participate in the interim and final acceptance of works;
  • Review contractors test reports;
  • Assist in preparing acceptance certificates and other contractual documents;
  • Assist Client in checking and reviewing the final payment on completion of contracts.

C. Environmental and Social Action Plan

The Environmental and Social Action Plan (ESAP) is an integral component of the project, and the Consultant should assist the PIU in planning, organizing, monitoring, and reporting on, the progress achieved in implementing the ESAP.

D. Knowledge transfer to Client

The Consultant should ensure that there is a knowledge transfer to Client in all aspects of oversight and management of project implementation. The Consultant should train the PIU to meet the reporting requirements stipulated under the Loan Agreements. This will include regular reporting on any time-dependent covenants, implementation of any time or progress–dependant elements such as insurance policies, general progress reporting (programme, progress and financial status).

Status of Selection Process: Interested firms are hereby invited to submit expressions of interest.

Assignment expected start date and duration: assignment is expected to take place from March 2016 and last for approximately two (2) years, plus defect liability period (DLP) of one (year). The input of the experts is expected to be intermittent during this period (detailed schedule to be agreed upon between the Client and the Consultant).

Maximum Budget available for the Assignment: EUR 1,300,000 (exclusive of VAT).

Funding Source: Through EBRD loan proceeds.

Eligibility Restrictions: There are no eligibility restrictions.

Consultant Profile: An international firm of consultants will be engaged for this assignment and is expected to procure the services of a multidisciplinary team of both international and local experts as appropriate.

The Consultant is expected to have relevant expertise and experience in implementation of power transmission line projects and substation projects. The Consultant needs to demonstrate at least 10 years of general experience in the Energy Sector, particularly in implementation of power transmission line projects and substation projects.

The following is the minimum expertise (key experts) and experience required for this assignment:

Key Experts (subject to evaluation)

  1. Team Leader: preferably an Electrical Engineer with at least 15 years of general professional experience and relevant project experience in planning and implementation of construction of transmission line and substation projects. The candidate must have a good knowledge of the English language which is necessary for coordination and reporting.
  2. Substation/GIS (Gas Insulated Switchgear) Expert
  3. Relay Protection and Control Expert
  4. SCADA, Metering and Telecomm Expert
  5. Overhead Line and Underground Cable Line Expert

Above experts 2 – 5 need to prove at least 10 years’ experience in site supervision and commissioning of transmission line (overhead line and underground cable line) and substation projects.

Non-Key Experts

  • Civil Works Expert
  • Environmental and Social Measures Expert
  • Site Manager: with at least 7 years’ experience, mainly in site supervision of substation projects, as a permanent resident during project implementation phase

6.Short term experts with at least 10 years’ of relevant experience in:

  • Design of HV substations and transmission lines (overhead lines and underground cable lines);
  • Factory acceptance tests for similar assets;
  • Commissioning of similar assets;
  • Relay protection and control;
  • Civil Works in the field of substation, tower foundations construction and cabling;
  • Environmental/social issues.

7. Local Experts (as required) with at least 5 years’ experience in:
Supervision and commissioning of transmission lines and substations, Factory acceptance tests and Commissioning for similar assets, Relay Protection and Control Measures, Civil Works in the field of substations, tower foundations construction and cabling, (110 kV and higher voltage) and substations, Environmental and Social Measures;

  • Substation and Transmission line Expert
  • Relay protection and control/SCADA Expert
  • Civil Works Expert

8. Secretarial/ Support: to hire local support staff as required for project implementation in order to provide secretarial, interpretation, translation, and transport services. No CV needs to be provided for this position.
Submission Requirements: Interested consultants are hereby invited to submit expressions of interest.

In order to determine the capability and experience of consulting firms seeking to be shortlisted, the information submitted should include the following:

  • Company profile, proposed project organisation and staffing;
  • Details of experience or similar assignments undertaken in the previous five years, including their locations, overall budget, and proportion undertaken by the consultant both in terms of staff input and budget;
  • CVs (limited to 4 pages per CV) of staff who could be available to work on the assignment..

The above information should not exceed 10 pages excluding CVs.
One original and two numbered hard copies together with electronic copy on CD-Rom of the above information in English should be submitted to the Client in an envelope marked “Expression of Interest for Kosovo Transmission Development Project: Project Implementation Consultant”, to reach the Client not later than the above closing date.

Contact Details:
Mr. Ilir Shala
Director of Department for Project Management & Engineering
KOSTT – Transmission System and Market Operator
Iljaz Kodra St. nn
10000 Prishtina
Republic of Kosova
Fax: (+381-38) 500-20-1


Mr. Abdulsatar Ibrahimi
Director of Procurement Department
KOSTT – Transmission System and Market Operator
Iljaz Kodra St. nn
10000 Prishtina
Republic of Kosova
Fax: (+381-38) 500-20-1

Notes: Following this invitation for expressions of interest, a shortlist of qualified firms will be formally invited to submit proposals. Shortlisting, selection and contracting will be subject to the availability of funding.

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Hahn Urges Western Balkan Countries: Open Borders, Tone Down Rhetoric Today, Politics Published: Sep 23, 2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Fri, September 25, 2015 23:38:36
BRUSSELS – The Commissioner for European Neighborhood Policy and Enlargement Negotiations Johannes Hahn urged all Western Balkan countries on Wednesday to open their borders to an undisturbed flow of goods and tone down their rhetoric.

I call upon all Western Balkan countries to act responsibly towards the migrants and particularly to keep their borders open; Hahn told the press prior to the session of EC College of Commissioners on Wednesday, not mentioning Serbia and Croatia’s case specifically.

Hahn said that the closing of border crossings for cargo transport has direct economic consequences for the entire region.

He noted that he had a telephone conversation with both Serbian Prime Minister Aleksandar Vucic and Croatian Foreign Minister Vesna Pusic on Tuesday as well as with Serbian Minister of Labor, Employment, Veteran and Social Affairs Aleksandar Vulin during his visit to Brussels.

I know it is not easy but at the moment, a verbal disarmament is needed, especially when it comes to statements and announcements because harsh words do not help, he said.

The EU is ready to help the countries in the region, primarily Serbia and Macedonia, deal with the refugee crisis, he said, adding that he will visit Belgrade on Friday and tour the refugee camps with Vucic.

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Competition and equal opportunities for entrepreneurship, Published on : 22 September 2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Wed, September 23, 2015 14:08:40

Speech of Prime Minister Edi Rama at the meeting with young Italian entrepreneurs and industrialists:

First of all I want to express my deepest gratitude to Marco and all his fellow travelers on this visit organized in a short time, because we have already met and confronted in the Convention of Young Industrialists. For me, this is a very important stage in a process that we sought and supported together with our dear friend, Mr. Ambassador, who is counting the days before leaving us for a most important task, according to the Italian authorities. Although I proposed him to take the Albanian citizenship and go to Rome as an Albanian ambassador. But if the new task will not meet his expectations, there is always the possibility for him to come back to this country and to represent it with more dignity and authority.

I also want to thank the Union of the Chambers of Commerce, the new President of the Union for organizing this meeting, which I wish will be very encouraging for our guests.

Hoping for your understanding, now I want to continue to in Albanian, because otherwise critics will have to deal with useless issues, instead of focusing on more important issues than this.

It is very important that this process started with Italy, in order to convey an ongoing and substantial message to Italian entrepreneurship, has reached this stage where it is represented by very honorable young Italian industrialists, open minded and with the right spirit of adventure, who are willing to confront themselves with the opportunities provided by Albania, and to explore on the one hand the opportunities for direct investments in Albania, and on the other hand the opportunities of cooperation with Albanian enterprises.

I am very pleased to see here a significant number of representatives of Albanian enterprises, who have already reached a new stage, and are willing to be confronted and to cooperate with foreign enterprises. And the fact that they are so many on a car-free day is very encouraging, because in coming here I expected to meet only with Italians, but actually there are very few absences, which shows that all those who have walked here are more than curious to meet people and to discuss with them.

I would like to bring to your attention something pointed out by our friend, and I am privileged to say my friend, the President of the Young Industrialists, who listed some conditions. The necessary conditions for anyone who is willing to start a business. I was impressed, because he mentioned taxes in the end, not at the beginning. He talked about legalità, which is necessary for creating an environment where the game rules are applied to everybody, in addition to being guaranteed. So, competitiveness will not be prevented from following its natural course, and will not be deformed by processes like the ones we have continuously had to deal with, culminating in totally unacceptable court decisions.

In this view, I believe that we are doing a job that has never been done before, and we are putting our efforts in two directions. On the one hand, we are trying to create the necessary conditions that will prevent informality from being such a serious obstacle, as it has been so far, for competitiveness in economy, and on the other hand we want to create the conditions that will eventually allow Albania to reform the justice system, reform that will not be just another bundle of papers in the legislative process, but an instrument that will help us overturn the corrupt justice system, in addition to creating the conditions for justice to not be any more a commodity to be bought or sold. Mr. President talked about the administration. We are doing our utmost to push the administration towards a new stage, but let me remind you that we have started with ourselves. Since we took office, we have inherited a mountain of accumulated debts to enterprises for contracts that had remain unpaid. Then I learned, and I was very much pleased, that we are similar also in this respect, because you also have some issued with the Italian government that hasn’t repaid you yet for the contracts.

Actually, for us these are the months in which we are finally writing off debts. We had 720 million US dollars, which for our economy are a lot. They were accumulated debts to enterprises for contracts in infrastructure, in service supply for hospitals, schools, and a huge quantity of non-reimbursed VAT. So, it was a loan taken by force by the state from the pockets of entrepreneurs, and which would put the state in a stronger position face to entrepreneurs. At this point, I believe that we have succeeded in putting back the state into a position equal to that of entrepreneurship, where both parties have not only rights but also obligations. Whereas, through the previous government, our state was used to recognize to itself only rights, and no obligation.

Mr. President talked about transparency, and for us this is a process where we must constantly and by all means increase transparency face to entrepreneurship. Actually, today we are at a crucial moment of a war with informality which will not stop, and where we will not retrocede even one millimeter, because there are a lot of entrepreneurs, whether large or small businesses, who trade illegal goods today. They have been used for many years to declare some of it, not all of it. I will give you just one example to understand what level informality has reached in Albania. Up to 90% of the large distributers operate with cash registers, as if they were small businesses. So, large distributors operate like retail traders. Meanwhile, most of the retail traders are not issued any tax receipt for the commodities they buy.

We are of course aware that this is a process where, first of all, transparency is of fundamental importance, before punishment is applied. What we offer to entrepreneurs today is not an amnesty. There will not be any kind of amnesty and any kind of tolerance towards anyone who will ask for more time while continuing to breach the law. What we offer is self-regulation. We offer them the opportunity to declare what they have hidden so far without any consequences. So, there will be no consequences, if they declare what they have been hiding. And they are required to hurry up and do this today, because if they are tomorrow subject to control, they will have to face legal consequences. So, nobody is hindering them. On the contrary, both small and large businesses are encouraged to declare the goods they have still unregistered and kept in a condition of illegality, because of the evasion that has been going on for years, and in doing so they will also regulate their position face to tax authorities. This will spare them any kind of legal punishment, in addition to putting them in a position of equality and transparency face to the state.

Mr. President talked also about taxes and labor costs. You know that Albania is at this point the country where what you dream of in Italy, here has become reality. You can keep dreaming of it in Italy, but I am afraid that you will have to wait for your grandchildren in order to see it become reality. Although, I am not pretty sure about this because taxes will go up and down as a general rule. But in Albania you know that taxation is very simple. 15% independently of the profit. On the other hand, our labor force cost is today the lowest and the most competitive across Europe. Of course, it belongs to a certain stage in history, and it will not be endlessly like this because opportunities and response to demands will increase, but this is the moment to take advantage of it for some years, and to achieve success here in Albania.

On the other hand we have passed to very important laws, the law on strategic investments, where we have created the most favorable and the most guaranteed framework for every enterprise operating with investments in sectors that are deemed to be strategic for us, and the law on tourism which creates a new space for all those who are willing to invest in this sector here in Albania.

I would like to conclude by saying that those who choose to invest in Albania today, without waiting that everything is ok, will regret tomorrow if they don’t do this investment today. When everything is ok, there will be no more need for your spirit of adventure. Your spirit of adventure is needed today.

In addition, I am very grateful to Marco and to all of you also for another reason. For we have talked not only about what you can invest in Albania, but also about the know-how that you can bring with you, a new culture of entrepreneurship and of the relationship between entrepreneurship and the government. The Italian Prime Minister and his government are doing their utmost to be the voice of entrepreneurship and an incentive to break down the barriers raised over many years by many factors, actors and bodies in Italy. While you do this battle over there, here you have everything ready to start and make things reality.

We are very happy to tell you one more thing. Here in Albania everybody understands Italian very well, the majority of people can even speak it, and all Italian enterprises in Albania, all those who have invested in Albania have so far testified that they have done the right investment, have found the right environment and the right people, and not only have had profits but also a great satisfaction.

For in the end, and in many respects, Albania is part of Italy. In many respects. From the geographical point of view, the climate, the mindset, the social point of view. So, I believe it is a real ground for investing without feeling that you are investing in a foreign country. Every Italian investing in Albania does actually invest in an unknown part of Italy. And every day of work with Albanians proves Italian investors that we are basically two different people, but having quite the same typology as a society and human being. Of course, you have Leonardo Da Vinci, and we have Skanderbeg, but if we consider it from today’s point of view, you look like Leonardo as much as today’s Greeks look like Plato, and we look like Skanderbeg as much as you look like Leonardo.

Thank you very much.

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Ohridska Banka AD Skopje : EUR 4 million GGF partnership with Ohridska banka, Societe Generale Group to boost green lending, 09/21/2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Mon, September 21, 2015 22:02:24



- GGF funding expands lending capacity of Ohridska Banka, Société Générale Group for EE and RE projects,

addressing Macedonia's need to improve their energy balance sheet

- Loans funded by the investment to yield projected annual energy savings in excess of 24,000 MWh and CO2

reductions of over 7,500 tons
Luxembourg and Skopje, 21 September 2015 - The Green for Growth Fund, Southeast Europe (GGF) is providing EUR 4 million in funding to Ohridska Banka, Société Générale Group (OBSG, the Bank). Macedonia imports over 40 percent of its primary energy; almost 80 percent of the electricity generated domestically stems from fossil sources, mainly coal. As one of the pioneers in the market, OBSG has recognized the importance of renewable energy (RE) and energy efficiency (EE) financing and the growth potential in these segments. OBSG's portfolio of EE and RE sub-loans to be funded by the EUR 4 million provided by GGF is projected to reduce primary energy consumption by at least 20 percent. This will ultimately translate into annual energy savings exceeding 24,000 MWh and CO2reductions of over 7,500 metric tons per year.
OBSG, the country's fourth largest universal bank capitalizes on corporate lending with a market share of 8.9 percent and is an important player on the small and medium enterprises (SMEs) market. As OBSG executes its strategy of developing sustainable structures for EE/RE finance, the GGF's funds will be instrumental in enabling the bank to expand its capacities in RE/EE financing as well as drive investment in these segments in Macedonia.
The partnership will be accompanied by comprehensive support - provided by the GGF Technical Assistance Facility (GGF TAF) - in developing and implementing RE projects. To ensure sustainable lending, the GGF TAF will also assist in the implementation of environmental and social guidelines as well as in monitoring OBSG's EE loan portfolio.
'The GGF is delighted to announce this partnership with OBSG, a financial institution with a strong commitment to RE/EE lending. With its client-centered approach and tailored lending offer, OBSG effectively addresses the needs of the country's businesses and contributes to maximizing the GGF's impact in the region,' said Christopher Knowles, Chairman of the Green for Growth Fund, Southeast Europe.

'Increasing natural resource demands, urbanization and the significance of environmental aspects are creating a growing need for investment in energy efficiency and renewable energy. Both EE and RE deliver immense economic and environmental benefits, which is why we believe that there is almost unlimited potential for projects of this kind. Thanks to the GGF, OBSG has now greater capacity to continue supporting EE and RE projects, and thus help to enhance the productivity of the economy and boost transition towards a prosperous low carbon future' said Branka Pavlovic, President of the Board of Directors of Ohridska Banka, Société

Générale Group.
Press release Page 1 of 2

The Green for Growth Fund, Southeast Europe (GGF) is dedicated to enhancing energy efficiency and fostering the use of renewable energy sources in Southeast Europe, including Albania, Bosnia and Herzegovina, Croatia, FYR Macedonia, Kosovo*, Montenegro, Serbia, and Turkey as well as in the nearby European Eastern Neighbourhood region comprised of Armenia, Azerbaijan, Georgia, Moldova and Ukraine. The GGF provides refinancing to financial institutions for on-lending to enterprises and private households seeking to finance energy efficiency projects. The GGF also invests directly in small to medium-scale renewable energy projects. To maximize the impact of the Fund's investment activities, the GGF's Technical Assistance Facility offers capacity building support to local financial institutions and partners. The GGF was initiated as a public-private partnership in December 2009 by the KfW Development Bank (KfW) and the European Investment Bank (EIB) with the financial support of the European Commission, the German Federal Ministry for Economic Cooperation and Development (BMZ), and the European Bank for Reconstruction and Development (EBRD). Its growing base of committed investors comprises donor agencies, international financial institutions and institutional private investors, such as the International Finance Corporation (IFC), the Netherlands Development Finance Company (FMO) and the Development Bank of Austria (OeEB). The GGF, registered under Luxembourg law as a SICAV (variable capital investment company), is privately managed by Oppenheim Asset Management Services S.à r.l., Luxembourg, in concert with the fund advisor, Finance in Motion GmbH, Frankfurt/Main, Germany, and the technical advisor, MACS Management & Consulting Services GmbH, Frankfurt/Main, Germany. For more information:
* This designation is without prejudice to positions on status, and is in line with UNSC 1244 and the ICJ Opinion on the Kosovo Declaration of independence.
Ohridska Banka, Société Générale Group (OBSG) is a universal banking institution that ranks 4th in the Macedonian market. Since 2007, OBSG belongs to one of the largest financial institutions worldwide - Société Générale Group. With more than 148,000 employees, based in 76 countries, Société Générale Group has been at the side of 30 million clients throughout the world for 150 years.
Ohridska Banka performs according to the high standards of Société Générale, respecting the four main values of the group: team spirit, innovation, commitment and responsibility. The basic strategy of OBSG is constant advancement of the quality of execution of banking services and its full dedication to meet the needs of its clients. Through its headquarters in Skopje and the widespread network of 28 branches on the territory of Macedonia, OBSG aims to be the reference for relationship banking, recognized on the market, close to clients, chosen for the quality and commitment of its teams.

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TAP Issues SCADA and Fibre Optic Cable Contract Notices 21 September 2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Mon, September 21, 2015 14:37:09

Baar, Switzerland. Trans Adriatic Pipeline AG (TAP) invites companies to pre-qualify for the supply and delivery of the Supervisory Control and Data Acquisition (SCADA) system and fibre optic cable. These are the final large package contracts to be awarded by TAP for project construction as company provided items.

The scope of work is intended to cover:

  • Engineering, procurement and installation of SCADA, telecommunications and security systems. The SCADA system will provide integrated and centralised continuous monitoring and control along the entire 878-kilometre gas transportation system with all data being transmitted back to the supervisory control centre in the Pipeline Receiving Terminal (PRT) in southern Italy, overseeing the pipeline’s safe and sustainable operations.
  • Manufacturing and delivery of approximatively 1,550 kilometres of fibre optic cable which will facilitate bi-directional communication feed from the pipeline and associated assets, such as compressor stations and block valve stations, to the supervisory control centre.

Norman Ingram, Project Director at TAP said: “With the launch of these final pre-qualification notices, TAP reaches another important milestone in its procurement process. Together, the SCADA and fibre optic cable facilitate the control system which enables pipeline operations to be safely and effectively monitored and controlled. TAP’s selection process remains transparent, rigorous and with a particular emphasis on meeting health, safety, security, environmental and social standards.”

Specific details of the contract notices can be found in the Supplement of the Official Journal of the EU – Tenders Electronic Daily (TED): SCADA system link and fibre optic cable link.

The deadline for companies to request the pre-qualification questionnaire is 30.09.2015. Following the pre-qualification stage, TAP aims to issue the related Invitations to Tender (ITT) by the end of 2015. The contracts are expected to be awarded mid-2016.

For further information on TAP’s procurement process, please go to:

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Albania picks bids by Shell, Delek unit for oil exploration, Energy World Mag, 15/09/2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Sat, September 19, 2015 13:38:18

Albania has picked a venture led by Royal Dutch Shell and a company owned by Israeli’s Delek Group to carry out onshore oil exploration projects, subject to final contract agreements, an official told Reuters on Monday.

Shell Upstream Albania BV and Canada’s Petromanas will now negotiate with Albania’s National Resources Agency to get the final go-ahead to explore in sector four of the country, southeast of their current drilling site at Shpirag.

Navitas Petroleum, controlled by Israeli’s Delek, made the winning bid to explore the area of Dumre in central Albania.

The two successful bids followed more than two years of preparations by Albania to auction off more blocks, after it postponed the auctions of some onshore blocks because companies required more time.

The auction of offshore blocks was also delayed, because of Albania’s dispute with Greece over the division of their continental shelf in the Ionian Sea.

Promising initial results from a well in Shpirag by the Shell-Petromanas partnership has increased Shell’s interest in Albania and drawn international interest, despite low oil prices and the failure of previous exploration attempts in the country following the toppling of communism in 1991.

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SOCAR ready for talks on selling 16% share in Greek DESFA, 18 SEPTEMBER 2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Fri, September 18, 2015 18:48:11

Baku, Azerbaijan, Sept.18
By Maksim Tsurkov – Trend:

The State Oil Company of Azerbaijan (SOCAR) is ready for talks with European companies on selling the 16-percent share in Greek DESFA gas transmission system operator, SOCAR President Rovnag Abdullayev told reporters Sept.18.

SOCAR president said that for the present, no agreement has been reached with any company.
“But we are ready to sell 16-percent share to European companies and hold talks with them,” he added.

Currently, the Azerbaijani side is waiting for holding the early parliamentary election in Greece.
“After this election, we will discuss this issue [purchasing a share in DESFA] with the country’s new authorities,” Abdullayev said earlier.

“Currently, we have temporarily frozen the talks till the clarification of the issue related to the new government in Greece,” SOCAR’s president added.

SOCAR won a tender in December 2013 on the sale of 66-percent share in DESFA for 400 million euros.

The European Commission started an inquiry into the compliance of the deal on acquisition of a stake in DESFA with the EU’s regulations In November 2014. Currently, the deal is being considered by European Commission’s Directorate-General for Competition, and the procedure will last until late 2015.

SOCAR is the sole producer of oil products in Azerbaijan. It has two oil refineries and filling stations in Azerbaijan, Georgia, Ukraine, Romania and Switzerland. The company is the co-owner of the largest Turkish petrochemical complex, Petkim, and other assets in Turkey.

The company is currently carrying out work as part of ensuring the Azerbaijani gas supplies to Europe. Work is underway in this regard within the second stage of development of the Shah Deniz offshore gas and condensate field, and for expansion of the South Caucasus Pipeline.

Moreover, projects are being developed for construction of the Trans Anatolian Natural Gas Pipeline (TANAP) and the Trans Adriatic Pipeline (TAP).

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