World Bank raises Albania's 2017 growth forecast - Hydro Balkans
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World Bank raises Albania’s 2017 growth forecast

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The World Bank has raised its projection for Albania’s economic growth in 2017 to 3.6% from 3.5% projected in June.

“Private investment in two large FDI-financed energy projects – the Trans-Adriatic Pipeline and a hydropower plant – and a recovery in private consumption drove growth,” the World Bank said in its October 2017 Migration and Mobillity, Europe and Central Asia Economic Update.

In September 2016, Albania’s energy ministry said that Norway’s Statkraft launched the 73 MW Banja hydropower plant (HPP), the first of three planned plants on the Devoll river in Albania worth a combined 535 million euro ($600.7 million).

The bank confirmed the forecast for Albania’s gross domestic product (GDP) growth in 2018 at 3.5%.

The forecast for Albania’s economic growth in 2019 was decreased to 3.5% from previously projected 3.8%.


The CEO of KESH will present a report on the renovation of 3 large HPPs

The CEO of KESH (Albanian public operator) – Mr. Agron Hetoja – will present a report on the renovation of 3 large HPPs on the river Drin, with the capacity of 1.350 MW, including Fierza HPP, Komani HPP, and Vau i Dejës HPP. The is trustworthy information. They will also probably dwell upon the construction…

Natsionalna Elektricheska Kompania EAD presents hydropower investment projects at the Summit «Hydropower Balkans 2017»

Bulgarian public NEK EAD company-operator has confirmed the readiness to present a report on rehabilitation and modernisation of 5 HPPs: Chaira 844 MW, Belmeken 74 MW, Sestrimo 240 MW,  Momina Klisura 120 MW, Vacha 14 MW. Overall investment volume is € 37m.

China’s Dongfang shows interest in construction of Dabar HPP in Bosnia

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