Albania’s power generator to receive $241M loan from EBRD
The European Bank for Reconstruction and Development (EBRD) has granted a $241 million (€218 million) loan to Albania’s state-owned electricity generation company Korporata Elektroenergjitike Shqiptare (KESH) to support its restructuring and reform package.
The European Bank for Reconstruction and Development (EBRD) has granted a $241 million (€218 million) loan to Albania’s state-owned electricity generation company Korporata Elektroenergjitike Shqiptare (KESH) to support its restructuring and reform package.
The EBRD loan will offer the power generator a long-term financing, which will help it to reduce costs and boost liquidity.
KESH plans to use the financing for the maintenance of existing assets and undertaking a modernization program.
Source: EBR
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