Albania

Albania

Revokes the licence of a Czech power firm

21 Jan 2013

On 21 January 2013, Albania's energy regulator (ERE) revoked the distribution licence of CEZ's local subsidiary, CEZ Shperndarje. CEZ is majority-owned by the Czech Government. The regulator holds CEZ Shperndarje liable for damages for importing insufficient electricity amounts and not investing in the country's power grid.