Photo Credit: KESH   On March 11, Albania\'s Minister of Economy, Trade, and Energy, Genc Ruli and CEZ representative, signed a $102 million strategic partnership agreement, privatizing 76% of the shares of Albania\'s energy distributor, OSSH. USAID provided technical assistance to the Government of Albania, particularly on the key regulations that will govern the new system.

USAID Applauds Privatization of KESH Distribution System

TIRANA, March 11, 2009   USAID applauds the recent privatization of the KESH distribution system.  It will introduce, at long last, modern management practices that will improve energy services for all Albanians while attracting much-needed capital investment to the country’s energy sector. 

A more available and reliable supply of electricity to businesses, moreover, will promote economic growth and private investment, even in this period of global economic uncertainty. 

USAID was pleased to work with the Albanian Government and with other international financial institutions in helping to ensure that this privatization was carried off successfully and efficiently.