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OSHEE Sustainability Project

Sector: Power Generation (CCGT) • Location: Albania

Source: European Bank for Reconstruction and Development (EBRD)

Project
Disbursing

A sovereign-guaranteed loan of up to EUR 81.5 million to be provided to Operatori i Shperndarjes se Energjise Elektrike ("OSHEE"), the state-owned distribution operator and retail supplier of Albania. The loan proceeds themselves will be used to refinance and lengthen the tenors of short term sovereign guaranteed overdrafts which OSHEE has entered into with commercial banks on an emergency basis a

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The project “OSHEE Sustainability Project” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Albania. Taiyo aggregates data on it from European Bank for Reconstruction and Development (EBRD).

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Participants

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Original status

disbursing

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Description

Description

A sovereign-guaranteed loan of up to EUR 81.5 million to be provided to Operatori i Shperndarjes se Energjise Elektrike ("OSHEE"), the state-owned distribution operator and retail supplier of Albania. The loan proceeds themselves will be used to refinance and lengthen the tenors of short term sovereign guaranteed overdrafts which OSHEE has entered into with commercial banks on an emergency basis and require annual reapproval. The loans were necessary to fund electricity imports at the time of energy crises.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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