US-Italian consortium to lease oil-fired power plant to Albania

US-Italian consortium to secure oil-fired power plant for Albania

Photo: MonikaP from Pixabay


February 18, 2022






February 18, 2022





Albania’s power utility KESH will lease a mobile oil-fired thermal power plant with an installed capacity of 110-130 megawatts (MW) from US-Italian consortium Excelerate Energy – Renco.

A month ago KESH issued the call for expression of interest to determine opportunities for taking on lease a power generation asset that can be easily deployed and interconnected in the transmission grid of Albania. The company intends to secure an additional supply of electricity with prices lower than the one paid for import.

In October, Albania declared an energy emergency because of a lack of electricity for domestic consumption caused by the energy crisis.

KESH has now announced that it has received two expressions of interest: from US-Italian consortium Excelerate Energy – Renco, and from United States-based Distributed Power Solutions.

The offer from Excelerate Energy and Renco was accepted, while the offer from Distributed Power Solution didn’t comply with the provisions of the call for expressions of interest, and it was rejected, KESH said.

The bid from Excelerate Energy and Renco was evaluated and declared as the winning one.

Excelerate Energy has a large portfolio of floating LNG terminals, while Renco’s core activities are consulting, engineering and construction services for the energy sector.

Of note, in its call KESH has listed nine technical requirements for the facility. Among them is that the power plant must be in line with Albania’s legal requirements for environmental pollution and fit for deployment near the Vlora thermal power plant to use its interconnection infrastructure.

Comments (0)

Be the first one to comment on this article.

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

HT Profession Energia ink first virtual PPA in Croatia

HT, Profession Energia ink first corporate PPA in Croatia

27 May 2023 - The adviser to Hrvatski Telekom in reaching the power purchase agreement was consulting company PwC Croatia


Enery offers scholarships to female students at renewables program in Austria

26 May 2023 - Enery Development is offering two scholarships to female candidates for master's studies in renewables in Austria

Biogas power plant in Croatia goes bust due to price controls

Biogas power plant in Croatia goes bust due to price controls

26 May 2023 - Unless the Government of Croatia helps biogas power plants, 70% will need to be shut down before summer, their association claims

bef 2023 auctions investments serbia neda lazendic

Neda Lazendić: Serbia has reliable investment environment

25 May 2023 - Neda Lazendić, Country Manager at WV-International, was one of the panelists at the Belgrade Energy Forum 2023