Albanian Ashta power plant to start trial operation in April 2012.

By bne IntelliNews February 15, 2012
The first plant of Albanian Ashta hydropower cascade on the Drin River will commence test energy generation in April 2012, Standard daily informed. The construction of the second plant, Ashta 2, is expected to be completed by June 2012. The two plants are part of a EUR 160mn investment of Austrias energy companies Verbund and EVN. Ashta hydropower facility will have a combined capacity of 48MW and will generate some 242GWh of electricity a year supplying power to more than 100,000 households. The Albanian government granted in October 2008 a 25-year concession to Verbund to build and operate the plants. Under the deal, the state power utility company KESH will buy the electricity produced by the Ashta plants for a period of 15 years. After that the term can be either extended or the electricity can be sold on the open market. EVN joined Verbund in July 2010 when it bought a 50% stake in the project.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Albania calls tender for supervision of sewerage project.

Albania has called a tender to select a company to supervise the construction and supplies for a sewerage system and waste water treatment plant in Velipoja area, the European Commission informed ... more

Albania's govt approves changes in concession agreement for Devoll project.

The Albanian government has approved changes in the concessionary agreement for the Devoll Hydropower cascade, which formally enables Austrian EVN to exit from the project, the cabinets press ... more

Albanian parliament panel endorses EUR 12.7mn EBRD loan for dam safety project.

The economy and finance committee of Albanias Parliament has approved a EUR 12.7mn loan from the European Bank for Reconstruction and Development (EBRD) to be used to fund a project for upgrading ... more

Most Read

  1. STOLYPIN: Putin builds a Presidential Administration fit for stagnation
    6 days ago
  2. Denmark remains last to approve Russia's Nord Stream 2, Sweden finds "no reason" to ban the pipeline
    7 days ago
  3. Irish tech titan lines up stake in Slovak AI firm
    2 days ago
  4. Erdogan raises a white flag in the lira crisis
    22 days ago
  5. COMMENT: Russia and Ukraine: More similar than either wants to admit
    4 months ago
  1. KRUK REPORT: The unbearable lightness of being alive
    20 days ago
  2. Sberbank oil analyst Alex Fak fired for being openly critical of state-owned gas giant Gazprom
    28 days ago
  3. STOLYPIN: Putin builds a Presidential Administration fit for stagnation
    6 days ago
  4. Gazprom insider pipeline deals for Putin cronies worth $93bn, analysts claim
    29 days ago
  5. COMMENT: Russia’s oil giant Rosneft just crossed one of China’s red lines in Vietnam
    15 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss