Day: 2 May 2017

Gov’t sets aside ALL 70 mln for assistance in attracting foreign investments, SCAN, 01/05/2017 Foreign investments have been for years one of the engines growth driving, but they have been most evident and with a special emphasis recently. World Bank, Bank of Albania and other institutions have reiterated in their reports that projects such as TAP Pipeline or Devoll Hydropower Plant have given a huge boost to the economy, reflected in employment but also to the final GDP figures. In these conditions, a constant demand has been stimulating other foreign investments that will maintain an upward trend in the economy. And the government seems to have considered seriously this suggestion, since recently the Ministry of Economic Development is seeking a consultant with the aim to receive assistance for strengthening Albania…

The Ministry of Energy and Industry has opened a competition for two new hydropower concessions. The tender involves Bushtrica 1 and Bushtrica 2 HPPs and the term of the concessions will be 35 years. The first hydropower plant will be in the river basin segment of Bushtrica River from the quota of 380 meters above the sea level to the quota of 498 meters above the sea level. While the second HPP will be from a quota of 503 meters above the sea level to a quota of 678 meters above the sea level. The Ministry has not defined an amount for the concessions, but it has specified the criteria that will be considered for the winning company, where the main component is held by installed power. Bids must be…