Statkraft invested EUR 150 million to construct HPP Moglice
Norwegian company Statkraft has so far invested EUR 150 million in the construction of Moglice hydro power plant, its second plant on the Devoll River in the southeast of Albania. The construction site was visited by the minister for energy and industry Damian Gjinkuri, who said that Statkraft is being mindful of the environment. “The […]
Limak looks for new projects in Albania
After the commissioning of a 73 MW hydropower and dam system Banja, Nihat Özdemir, board chairman of Limak Group, said this week that the Turkish company seeks other investment possibilities in Albania, as a developing economy and a candidate for membership in the European Union. He added Banja plant would start generating electrical energy soon. […]
Statkraft opened its first hydropower plant in Albania
Statkraft officially opened 73 MW hydropower plant Banja on Friday, September 23. It is the first of the two hydropower plants by Norwegian company in Albania being constructed as part of the 256 MW Devoll hydro power project due for completion in 2018. Power stations, Banja and Moglicë, are located on the Devoll river, in […]
Statkraft commits to Turkish market despite turmoil
Christian Rynning-Tønnesen, chief executive of Statkraft AS, denied rumours the company would leave Turkey following the failed military coup attempt in July. In early September he told Anadolu Agency’s Energy News Terminal the potential of renewables in the country as well as the tariff mechanism offer attractive prospects. Statkraft, fully owned by the Norwegian state, […]
Statkraft divesting largest hydro project outside Norway
The Çetin power plant in Turkey, which saw construction works suspended in February, is up for sale by its Norwegian developer. State-owned Statkraft said it is hiring Garanti Securities as a financial advisor in the bidding process, with a deadline for expressions of interest expiring on August 1. As fights between government forces and the […]
Armed conflict makes Statkraft write off hydro project
As fights between government forces and the rebels intensified in southeastern Turkey, Statkraft stated in its quarterly results it decided to suspend most of the construction works for the Çetin hydropower plants on the Botan river. The two facilities planned for total capacity of 517 MW are the Norwegian company’s biggest project outside the home […]
Multiconsult hired for consulting in Devoll projects
Statkraft Albania’s project Devoll Hydropower (DHP) Sh.A. signed a contract with a Norwegian engineering and design firm. Multiconsult was picked for providing contract staff and for consulting services. Hydropower stations, Banja and Moglicë, one of which is underground, will have total capacity of 256 MW. The stations will produce an estimated 729 GWh per year, […]
Statkraft opens its second hydropower plant in Turkey
The Kargı Kızılırmak hydropower plant became fully operational and increased the capacity of Norway’s Statkraft in Turkey by six times. The company now accounts for more than 1% of the country’s electricity generation. More than 700 people attended the official opening at the 102 MW plant located in Çorum province at the Black Sea region, […]
