• Connect With Us:
  • EBRD approves loan for two Albanian hydropower projects

    The European Bank for Reconstruction and Development (EBRD) has announced it will fund a pair of small hydropower plants with a US$7.73 million loan.

    The recipient -- the Hydro Power Plant of Korca sh.p.k. -- will use the money to finance thw Verbe-Selce 1 and 2, which, when completed, will provide eastern Albania with an additional 5 MW of power.

    The loan is part of EBRD's Western Balkans Sustainable Energy Direct Financing Facility (WeBSEDFF).

    "The construction of the Verbe-Selce SHPP Cascade reaffirms the EBRD’s great interest in renewable energy in Albania," says Fabio Serri, head of the EBRD's Resident Office in Albania. "This project will help improve security of energy supply and clearly demonstrates that the sector has the potential to become a key driver in the development of the Albanian economy."

    Hydro Power Plant of Korca is owned in part by Italy-based Fidia Ambiente and EdilEurope srl, along with Albania's Xhemi sh.p.k.

    "The financial support of the EBRD represents an important endorsement and recognition of the quality of our investment and our commitment in the region," says EdilEurop owner Claudio Barbano. "This project will set an excellent example of financially viable investments in renewables, we look forward to more projects in the Balkan region."

    EBRD says it has now invested more than $906 million into the country's economy, including $3.9 million for the construction of the 5.1-MW Cerruje 1 and 2 hydropower projects in December 2011.

    Hydro Industry Financials

    Buyers Guide Products

    Micro Hydro Power Generating Equipment

    TOSHIBA’s Micro Hydro series comprise five stan...

    Andritz Compact HydroTurbines

    A modular design for the small hydro power rang...

    Turbines, Francis

    Voith supplies cost-effective Francis units in ...

    Most Read Articles

    Recent Comments

    Buyers Guide Companies

    Wiegert & Baehr Maschinenbau GmbH

    Offers Pelton and Francis turbines to 5000kW, K...

    Sigma Engineering Ltd

    Sigma provides services in hydrology and all as...

    GUGLER Water Turbines GmbH

    Develops and supplies water turbines and small ...

    TURAB Turbin & Regulatorservice AB

    Manufactures, refurbishes and maintains hydro t...

    Schmidt Industries

    Manufacturer of valve assemblies, Rotor and She...

    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