Premier of Albania inaugurates one of the biggest projects of hydro power

Premier of Albania inaugurates one of the biggest projects of hydro power

Elbasan, May 13, 2013

Albania will soon turn into a leader in the region in the production of hydro power, declared Prime Minister Sali Berisha today during the ceremony of inauguration of the works for the construction of the hydro power station of Banjë in Elbasan.

According to the Prime Minister of Albania, this is a historical moment for the country. “We inaugurate today the preparatory works for the construction of the hydro power station of Banjë, which will be carried out by one of the largest companies in Europe and the world in this field, the Norwegian giant Statkraft, a company known in the whole world for its excellent standards. Statkraft arrives in Gramsh, determined to make history in this country with the construction of the Cascade of Devoll, a major investment in the history of Albania”, said Berisha.

Berisha promised that after June 23 elections, his government will continue its efforts to offer a favorable climate for foreign investments and the business. Premier Berisha also took this opportunity to comment the program of the opposition. “Those who say that they will increase taxes and threaten the business climate, will be defeated”, said Berisha.

The value of the cascade of Devoll is around 1 billion Euros. This project will produce 20% more power than the current production and covers the needs for power for around 150 thousand households. According to the Prime Minister, this is the biggest investment of a public and private partnership in the domain of energy and has a capacity of 280 megawatts. This investment not only increases the energy produced in the country, but also improves the current surrounding infrastructure of the communities and offers more opportunities for economic development and employment for these communities. The construction will be made by the Norwegian company Statkraft, which is the world and European leader of the construction of hydro plants. Around 5 to 6 thousand people will be employed, including engineers, technicians and workers of other fields. /ibna/