Dardan Sejdiu raises doubts: KEDS is “type” Investments incomplete through tariffs

Sejdiu said the privatisation of KED from 2013 has brought a two-face story.

He has raised questions about ECDS transparency.

The 2013 privatisation of KED has brought a two-face story.

The buyerial consortium (Calick & Limak) promised it would invest 300m euros to modernise the electricity network: the promise to reduce losses, other investments and deploy intelligent units.

But reality is darker. KED has been extremely untransparent: its audited financial mirrors surrender only to Z RRE and is not easily publicised”, he wrote.

Sejdiu said the company's profits are rising, as are energy prices.

He added that the time has come for the government to account where the promised benefits are.

Even when its profits are visible in 2015, the profit was about 31m euros, and in 2016 about 25m euros, citizens see no clear numbers for promised investments. By September 2022, KEDS claims it has invested 203m euros, although various independent experts and reports spread serious doubts that real figures are lower.

Finally, even though the company's profits increase annually, consumers are facing increased energy prices as well as higher rates. This situation provokes disappointment and suspicion that KEDS has not brought the promised benefits, but is “forged” investments incomplete through tariffs.

It is time for KED, government and authorities to become transparent and render clear accounts to citizens, because energy is vital to all of us!

Financial reports are published, an investigative commission to verify alleged investments and finally a report to the public”, he said.