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TIRANA (Albania), March 4 (SeeNews) - Albania and the World Bank on Tuesday signed a $950,000 (625,000 euro) grant deal to support the preparation of an Energy Community of south east europe (ECSEE) project on dam safety.

The grant is being provided by Japan through its government's Policy and Human Resources Development Fund (PHRD), established in 1990 as a partnership between the Japanese government and the World Bank, Albania’s Finance Ministry said in a statement issued after the signing of the document.

The ECSEE project aims to safeguard the existing large hydroelectric power generation plants in Albania, which generate some 95% of the electricity it produces. It also aims to promote more efficient use of hydro resources for electricity generation, the statement added.

($=0.6582 euro)

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Will Macedonia's new government that will take office after the June 5 elections be able to resolve the name dispute with Greece?
Jun 6, 2011
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In the 17th century, Croatian soldiers used to wear a little piece of cloth around their neck...
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