TIRANA (Albania), June 7 (SeeNews) – Sales of UK energy trading and investment group Energy Financing Team (EFT) in Albania plunged 37% to 33.2 million euro ($48.5 million) last year, the company said.
“Record hydrology in Albania during 2010, coupled with the privatisation of OSSH power distribution company a year earlier by CEZ, resulted in smaller deliveries of energy in Albania by EFT during 2010,” EFT said in an annual report on its website.
EFT delivered 730,641 megawatthours (MWh) of power to Albanian clients last year, compared to 1,058,066 MWh in 2009.
Albania generates 90% of its electricity output from water sources.
Albania’s total production rose to 7,652,898 MWh in 2010 from 5,164,230 MWh in 2009, while the average inflow of water in the same period rose to 347 cubic metres per second from 191 cubic metres per second, EFT said.
"This trend was further deepened by the OSSH decision to procure most of its imported energy from its parent company CEZ," EFT added.