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.

Acerc
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.

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EBRD, TANAP discuss project funding, Baku, Azerbaijan, Dec. 3

AEI Updates 2015Posted by Adv. Lorenc Gordani, PhD Fri, December 04, 2015 20:11:13

By Aygun Badalova, Maksim Tsurkov – Trend:

The European Bank for Reconstruction and Development (EBRD) is discussing the project funding with the shareholders of the TANAP consortium (Trans-Anatolian Pipeline), Tolga Erguven, the EBRD chief banker for energy in Russia, the Caucasus and Central Asia, told Trend in Baku Dec. 2.

“There are different approaches of the TANAP sponsor financing,” he said. “So we are discussing each individual sponsor to see the interest in financing.”

As for the financing of the Trans Adriatic Pipeline (TAP), Erguven said that the EBRD is actively involved in this project. However, no details were mentioned.

The consortium expects funding from a number of organizations, including the EBRD, the European Investment Bank and the export credit agencies of the OECD countries (Organization for Economic Cooperation and Development), Lisa Givert, TAP Head of Communications told Trend earlier.

Moreover, commercial creditors are planned to be involved in TAP funding.

TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe.

The approximately 870 km long pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.

Currently, the shareholders of TANAP are: the State Oil Company of Azerbaijan (SOCAR) – 58 percent, Botas – 30 percent and BP – 12 percent.



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