Electricity

Construction of hydropower plant Skavica to start in 9 months – minister

skavica hydropower belinda balluku albania

Photo: Belinda Balluku/Facebook

Published

October 24, 2022

Country

Comments

comments icon

1

Share

Published:

October 24, 2022

Country:

Comments:

comments icon

1

Share

Albania plans to start the construction of the Skavica hydropower plant in the next nine months, according to government officials.

Minister of Infrastructure and Energy Belinda Balluku said the 210 MW Skavica hydropower plant project is in its second year of implementation.

She said Skavica is the most important hydropower project in the country, claiming it would establish a necessary natural resource reserve. According to the minister, the geological project, the feasibility study, and the environmental and social impact assessment studies have been completed.

Investment in HPP Skavica is estimated at EUR 250 million

The negotiations on financing are ongoing and the construction works will begin in nine months, Balluku said in parliament.

Of note, the contractor for HPP Skavica is Bechtel, based in the United States. Together with the United Kingdom’s Export Credits Guarantee Department or UK Export Finance (UKEF), the company held a supplier fair in London last week.

The investment is estimated at EUR 250 million. Skavica will be operated by Albania’s state-owned power utility KESH. The expected annual production of the facility is 470 GWh.

Comments (1)
Joe / October 26, 2022

Any news on the 3 hydro plants 3powershala/PSPW are building? They are much needed in Albania and backed by A family of Billionaire FALAK.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Green for Growth Fund financial impact targets 2023

Green for Growth Fund tops its financial, impact targets in 2023

15 July 2024 - The Green for Growth Fund kept mitigating climate change and promoting sustainable economic growth last year in its 18 markets

Energy permit not needed for power plants under 1 MW in BiH

15 July 2024 - The Ministry of Energy, Mining and Industry has adopted the rulebook on issuing energy permits and it entered into force on July 6

koncar croatia siemens energy

Končar, Siemens Energy launch new joint venture

15 July 2024 - Croatia’s firm Končar and Siemens Energy have signed a joint venture agreement on the establishment of the Končar - Transformer Tanks

heatwave power exchange prices see europe serbia

What is behind electricity price spike in SEE: grid issues, and something more

13 July 2024 - Record high temperatures aren't the main cause of the record price increase on power exchanges, ranging from 50% to 170%