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

By bne IntelliNews March 21, 2013
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 the Koman hydropower dam on the Drin River, the parliaments press office informed. The EBRD financing will support a EUR 70mn investment programme of Albanias state-owned power utility KESH. The investment is aimed at improving the safety of dams on the Drin and Mat River cascades, which generate 95% of the countrys power production. Some of the main activities, envisaged by the project, include rehabilitation of discharge facilities and installation of new systems for control and monitoring. It will also support the establishment of a modern water alarm system both at the main alarm centre in the capital city of Tirana and at the hydropower plants.

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