The Albanian government is set to exempt imported machinery and other equipment used to make green energy from VAT, according to Energy Minister Belinda Balluku.
Following two months of working group discussions, Balluku said a raft of measures would be approved to help manage the energy crisis. All machinery to be used in solar energy and wind power will be exempt from encouraging more investment in renewables.
“The financial effect of the exemption from VAT is yet to be estimated,” the minister said, adding it would be included in the 2023 budget, which is currently being drafted.
Meanwhile, the Albanian Electricity Exchange, ALPEX, has received regulatory licensing and will launch on 23 November following a decision from the Energy Regulatory Entity.
“ALPEX would carry out activities related to the creation, management and administration of the organised electricity market through the market platform, on a day-ahead basis and within the same day,” ERE noted in a statement.
“ALPEX, due to start operating next month, is expected to experience liquidity issues as KESH is purchasing all the electricity due to the current emergency measures,” Balluku said, explaining that state-owned hydropower plant operator KESH is currently authorised under the emergency rules for the security of supply to purchase all the electricity necessary for domestic consumers.
