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Albania looking to sell four hydropower plants to foreign investors

TIRANA, Albania 6/8/12 (PennWell) -- The Albanian government is interested in selling four state-owned hydropower plants to private investors, according to information provided by the country's Ministry of Economy, Trade and Energy.

The source says Albania is interested in selling its Bistrica 1 and 2, Ulez and Shkopet hydroelectric facilities -- which have a combined total generating capacity of 80 MW -- to one of three foreign investors.

Interested are Austrian utilities Verbund AG and EVN Group and French energy producer Compagnie Nationale du Rhone CNR.

The Ministry didn't specify the monetary amount being sought for the four hydropower plants, although Austrian financial journal Wirtschaftsblatt reports that the price would likely come to about US$1.25 million per MW.

In related news, HydroWorld.com reported in December 2011 that Albania was seeking bids for work at the 600-MW Komani hydropower plant.

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