CNA.al has been reporting for two days regarding a scandal that occurred in one of the Albanian state institutions. It is an abusive contract, signed by AEPC (Albanian Electric Power Corporation), for energy exchange.
A contract which is to the detriment of AEPC. CNA.al has reported that while Prime Minister Edi Rama warns of energy crisis and rising energy prices, AEPC gives energy to the private company NOA Energy Trade.
It is about an energy exchange, or an amount that AEPC has to give to the private company NOA Energy, and the latter will return it to the AEPC at the same time. So within the same day but not setting schedules. And the scandal starts right here.
So to power exchange schedules, especially in recent weeks, when has risen the market price of electricity per megawatt. According to the contract, AEPC gives energy to the private company at the peak of consumption, where the price has reached up to 300 or 400 euros per megawatt. While the company in question returns this energy to AEPC, in the early hours of the morning.
So at 4 or 5 o’clock in the morning, when the market price is somewhere less than 50 euros. But another state institution is also involved in this scandal. It is about the Competition Authority, which has approved the contract in question.
CNA.al has provided documents showing how the Competition Authority has given an advantage to a company that wins millions of euros. So, this company, NOA Energy, is the only one announced by the Competition Authority to receive energy from AEPC, thus creating a monopoly.
The first, scandal lies in the fact that AEPC could sell this energy itself, and improve its finances. Secondly, the contract has been announced as a solution due to the excess amounts of energy produced by AEPC and for their energy storage.
But in fact, because of this crisis, or because of the huge increase in the price of energy and its lack in the market, we are not dealing with an energy deposit, but with a clear corrupt scheme, where a private company earns hundreds or millions of euros at the expense of an Albanian state-owned company.
Third, the question arises, why only this company? Why was created this monopoly? What is the point of AEPC giving thousands of megawatts to a private company when there is an energy crisis? This announced by the Prime Minister Edi Rama himself. In the following, CNA.al will publish other documents that show how started this scheme, when millions of euros are won at the expense of AEPC./CNA.al