Untitled Document

Statkraft buys EVN AG's share in Devoll hydropower project

Statkraft Logo

Austrian energy group and hydro project operator EVN AG has agreed to sell its 50% share in Devoll Hydropower ShA to Norwegian utility Statkraft A.S.

EVN AG's sale of Devoll Hydropower ShA (DHP) -- developer of the 280-MW Devoll hydroelectric complex along Albania's Devoll River -- must still be approved by Albania's Ministry of Economy, Trade and Energy, which awarded a concession agreement to the parties for development of the project in 2008.

The US$1.24 billion project will consist of three separate hydropower plants to be located at Banja, Kokel and Moglice in southern Albania.

HydroWorld.com reported in October 2012 that DHP had named a joint venture comprised of Mott MacDonald and Boyne et Bellier as owner's engineer for the development of the Devoll project.

Related Articles

Canada releases energy strategy

Premiers release Canadian Energy Strategy, hydro’s contribution recognized

Canada’s Premiers have released the Canadian Energy Strategy, and hydro is recognized for it...

IHA board members elected

The International Hydropower Association has announced results of its election of IHA board ...

AHC to supply US$78 million in equipment to Nigerian 700-MW Zungeru hydroelectric project

Alstom Hydro China (AHC) was awarded a contract worth about US$78 million by China National ...

Nepal awards contract for first large-scale pumped-storage hydropower project

Engineering firm Lahmeyer International GmbH and sub-consultant Manitoba Hydro International...

Recent Comments




Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

07/01/2015
Volume 34, Issue 6
07/01/2015
Volume 23, Issue 4

Buyers Guide Products