Untitled Document

Albania approves concessions for 127.6 MW Shala River hydropower project

Albania Map

Power developer Shala Energy sh.p.k. has signed a concession agreement with the Republic of Albania's Ministry of Economy, Trade and Energyto develop a 127.6 MW hydroelectric project on the Shala River.

As per terms of the agreement, Shala Energy will hold all concession rights on the construction and operation of the hydropower plant for 35 years.

Shala said the total cost of the project will be about US$272.7 million, which includes the plant's civil works, equipment, transmission lines and other costs.

Company shareholders will contribute 30% of the investment costs, Shala said, with the remainder to be funded through long-term loans by yet-to-be-determined international financial institutions.

The Shala River project is expected to be complete within four years of beginning construction.

Also in Albania, HydroWorld.com reported earlier this month that EVN AG has agreed to sell its 50% share in Devoll Hydropower ShA to Statkraft A.S.

Albania's government also approved the construction of three small hydropower plants earlier this year.

Related Articles

HydroWorld Premium Content offers daily business opportunities for hydro sector professionals

PennWell's Hydro Group is proud to offer daily business opportunities for hydroelectric powe...

Salini Impregilo inks US$575 million EPC contract for Georgian 280-MW Nenskra hydroelectric project

Salini Impregilo announced it has signed a US$575 million engineering, procurement and const...

U.S. agency seeks bids to review fisheries, flow studies of 600-MW Susitna-Watana hydro project

The National Marine Fisheries Service seeks bids to help review fisheries and flow studies f...

JSW Energy refinances US$1.1 billion in hydroelectric project debt

JSW Energy Ltd., based in Mumbai, India, is refinancing about US$1.1 billion via a 5:25 fina...

Recent Comments

Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

Volume 34, Issue 6
Volume 23, Issue 4

Buyers Guide Products

Buyers Guide Companies