Power trading scheme extracted: Saboting Albanian ALPEX, top player Vuk Hamovic

A research has highlighted allegations that Albanian bura ALPEX has been deliberately sabotaged by all operations of the Kosovo-Albania common energy market. The central player in this sab run-off, in turn, del Vuk Hamovic with his EFT company.

“Albanian Stock Exchange ALEPEX has officially been functional in early 2024, and the idea of establishing it has been the creation of a common energy block between Kosovo and Albania, from which it was expected to reflect in the largest exchange of energy between the two countries and in the reduction of the electricity price”, writes the Economic Bulletin.

The investigation says that all the acters supposed to be trading electricity through ALPEX, to empower it”, continues that these acts “They chose to trade electricity for 2024, to do it in the black “”, through bilateral contracts with energy traders, completely avoiding the Albanian scholarship”

The fact-based “allegations lead to a scheme prepared by Balkan energy businessmen, with “the blockade “ ” of Albania-Kosovo interconcact lines, the Albanian Stock Exchange (ALPEX), respectively. This situation produced a “narrow usage” to lines across Montenegro, from Noa Energy Trade It brought the current to Kosovo at a price of up to 800 euros for theme only for transmission or carrying of energy”, writes Bulletin.

The investigation says that from the data, it appears that in 2024, in addition to trade routes across Montenegro, Vuk Hamovic's EFT also owned Albania-Kosovo lines.

“From the data analysed in Podgorica's Ancande Office (SEE CAO), it turns out that for 2024, in addition to trade routes across Montenegro, Vuk Hamovic's EFT also owned Albania-Kosovo interconective lines and vice versa-x1>, It says in research, it transmits Periscope.

Asked why this company has participated in S auctions EE CAO also for Kosovo-Albania lines, Romana Krstic, EFT Group Board (Vuk Hamovici) Secretary, acknowledges that “during 2024 and 2025, EFT has not supplied energy and has neither bought energy from Kosovo”, while in question of why, despite that, EFT bought Albania-Kosovo lines, it has provided sweeping answers.

“Cross-border capacity rights have only been used for the transition of energy to other markets”, she says, but Krstić has not answered the following questions, about the amount of energy transit through Kosovo and who have been buyers.

The COST has confirmed that the EFT company during 2024 has used Kosovo's transmission network only transit.

He has done so after having owned the Albania-Kosovo interconcitive lines, won at annual auctions at the Ancandes Office in Podgorica.

“Energy (from EFT) has been imported across borders: Albania, Montenegro and Northern Macedonia, and has been exported to the same areas, through capacity rights won at the SEE CAO” organised auctions, says the COST Media Office's response.

When asked about this co-operation, EFT Secretary Romana Krstiić said that the NOA had a partnership in 2017, while denying any later co-operation.

Vuk Hamovich Company, centre of scheme

The Serbian-born company EFT of Vuk Hamovich always appears at the centre of the sabotage scheme against Albanian ALPEX.

The establishment of the Albanian Stock Exchange, in itself, carries also the political dimension of the established and in response to China's investment in Serbia and Bosnia and Herzegovina (BiH) where Vuk Hamovqi also has a thermal power plant called Bitnari) and where about 15% of consumption in Bosnia is covered by that thermal power plant.

The Economic Bulletin, in series research on electricity import for 2024, has provided data leading to co-operation between Tirana company Noah Energy Trade and the company. EFT, which according to SEE auctions CAO, for 2024, owned all transmission lines that were destined for Kosovo.

In addition, research found that electricity from Noah Energy Trade was allegedly imported from Bosnia and Herzegovina, the part of Republika Srpska, where EFT controls leading electricity producers respectively. /Taken by shortcut from: Economic Bulletin