| 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. |
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