• Connect With Us:
  • European bank funds 5.1-MW Cerruje 1, 2 in Albania

    TIRANA, Albania 12/5/11 (PennWell) -- The European Bank for Reconstruction and Development (EBRD) has approved a 3 million euro (US$3.9 million) loan to finance construction of the 5.1-MW Cerruje 1 and 2 hydroelectric projects on Albania's Benji River.

    EBRD made the loan to an Albanian private developer, Energy Partners, under the bank's Western Balkans Sustainable Energy Direct Financing Facility.

    Energy Partners is to build the two hydro plants 140 kilometers northeast of Tirana. They are to generate up to 14.7 gigawatt-hours annually, helping to offset generation of 9,500 tons of carbon dioxide by other power plants.

    Energy Partners plans to develop a total of five hydro plants on the Benji, for which the company received a 35-year concession.

    "The construction of the Cerruje hydropower plants is one of the few private investments in renewable energy generation in Albania in many years," Fabio Serri, head of EBRD's Albania office, said. "This project will be implemented with the support of latest technologies and will set an excellent example of financially viable investments in renewable energy sector."

    Hydro Industry Financials

    Buyers Guide Products

    Zagorsk PSP, Russia

    Zagorsk Pump Storage Plant 6 x 236 MVA, 150 rpm...

    Most Read Articles

    Recent Comments

    Buyers Guide Companies

    Balluff GmbH

    Offers sophisticated sensors, transducers, indu...

    ThyssenKrupp Resource Technologies GmbH

    Houghton International

    High voltage (HV) coils manufacturers and suppl...

    Scott Aerator Co LLC

    Manufacturers of industrial grade de-icing equi...

    Renewable Energy Corp Ltd

    Designs, distributes and supplies wind, PV, hyb...

    Continuing Education

    Professional Development Hours
    To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

    12/01/2013
    Volume 32, Issue 10
    file
    01/01/2014
    Volume 22, Issue 1
    1401hrw-cvr

    Archived Articles

    2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
    Hydro Review Past Issues

    Premium Content AD Promo Space