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

Chevron enters Greek natural gas exploration west of Crete

Chevron enters Greece for natural gas exploration west of Crete

20 January 2025 - Chevron, the second largest-listed oil company in the world, has entered Greece to explore natural gas reserves

Eliza Barnea, EUSEW Young Energy Ambassador

The green transition at a crossroads: how equity can take it forward

20 January 2025 - The EU's Green and Social Deal must ensure a fair and equitable green transition, balancing climate action with social protections for vulnerable groups.

IEA Nuclear power record 2025 investments double

IEA: Nuclear power set to reach record in 2025 but investments should double

20 January 2025 - Nuclear power is set to reach a new record in 2025, but costs, project overruns and financing must be addressed, IEA's new report shows

norinco arctech bih contract solar

Norinco, Arctech sign equipment deal for solar power plant in BiH

17 January 2025 - The media reported in June that Norinco planned to buy an 80% stake in Aurora Solar, a firm with a concession to build a PV plant of 125 MW