EBRD Approves Loan for Two Albanian Hydropower plants

EBRD Approves Loan for Two Albanian Hydropower plants

The European Bank for Reconstruction and Development (EBRD) announced that it will fund two small hydropower plants in Albania, with 7.73 million dollars. The recipient of the loan is the Hydro Power Plant of Korca sh.pk which will be used to finance small hydropower plant Verba-Selce 1 and 2 together will have an output of

The European Bank for Reconstruction and Development (EBRD) announced that it will fund two small hydropower plants in Albania, with 7.73 million dollars.

The recipient of the loan is the Hydro Power Plant of Korca sh.pk which will be used to finance small hydropower plant Verba-Selce 1 and 2 together will have an output of 5 MW. The owners of the company are the Italian company Fidia Ambiente and EdilEurope stl together with the Albanian company Xhemi sh. p. k.

EBRD has so far invested more than $ 906 million into the economy of Albania, which includes 3.9 million dollars for small hydro Cerruje 1 and 2 have received funding in December last year.

Renewable Energy Projects in Bosnia and Herzegovina