The Albanian Electricity Exchange, ALPEX, signed a contract worth Lek 284.65 million excluding VAT, or around Euro 2.97 million, for electronic trading and clearing platforms for the Albania-Kosova electricity markets. The company announced this link these days in the procurement system where it had previously opened the procedure.

The contract was signed on August 24 with the merger of operators Nord Pool AS, with an 85% stake, and Nord Pool European Market Coupling Operator AS, with 15%. Both companies are headquartered in Oslo, Norway.

The final value of Lek 284.65 million is below the limit fund of Lek 300 million, which in the procedure documents was calculated at Euro 3.13 million.

The contract is for the provision of electronic trading and clearing platforms for the electricity markets in Albania and Kosova and for their interconnection. According to the terms of reference, the service should support the functioning of the existing day-ahead and intraday markets, as well as the integration of ALPEX with other markets and continuous intraday trading.

The trading platform includes license and maintenance rights, access to the European interconnection solutions SDAC and SIDC, as well as the necessary infrastructure for production, testing, and reserve systems.