EBRD finances the construction of an underground electrical substation in Tirana
Albania, April 1 -- The European Bank for Reconstruction and Development has signed a €22.5 million sovereign loan agreement with Operatori i Shperndarjes se Energjise Elektrike (OSHEE), Albania's state?owned electricity distribution and supply company, to finance the construction of a new 110/20 kV underground substation in central Tirana.The investment will help strengthen the reliability, resilience and efficiency of the capital's electricity distribution network, supporting the implementation of Tirana's Green City Action Plan (GCAP), developed as part of the city's participation in the EBRD's flagship Green Cities programme.Tirana's GCAP was adopted in 2018 and includes a commitment to expand modern, reliable and sustainable elec...
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