Government approves 17 concessionary small power plants
Uncategorized Thursday, March 15th, 2007
Tirana, 15 March 2007 (AENews) – Albanian government has opened the way for the
construction of 17 new small hydro-power plants ranging in power from 2 to 10
Megawatt.
construction of 17 new small hydro-power plants ranging in power from 2 to 10
Megawatt.
The decision was made yesterday at the Council of Ministers
authorizing the Ministry of Economy to commence tender procedures for all the
companies interested in Build-Operate-Transfer (BOT) agreements with the
government. Albanian law on concessions provides companies
with ability to enter into terms of agreement ranging from 25 to 35 years.
Currently, several independent power producers sell their energy to KESH sh.a.
at prices ranging from 4 to 6.3 USD/cent.
authorizing the Ministry of Economy to commence tender procedures for all the
companies interested in Build-Operate-Transfer (BOT) agreements with the
government. Albanian law on concessions provides companies
with ability to enter into terms of agreement ranging from 25 to 35 years.
Currently, several independent power producers sell their energy to KESH sh.a.
at prices ranging from 4 to 6.3 USD/cent.
During the last year private production of
energy reached about 100 million Kw/h at a market value of USD 5mn.
According to the government's decision all companies involved will be
able to sell their energy to KESH sh.a. at a supervised price covering
amortization of investments, providing for a good profit margin.
able to sell their energy to KESH sh.a. at a supervised price covering
amortization of investments, providing for a good profit margin.
Short URL: http://www.albanianeconomy.com/news/?p=266
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on Mar 15 2007. Filed under Uncategorized.
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