Ashta Hydropower—Turning a Doubtful Concept into a Technological Trailblazer
International Finance Corporation (IFC) played a key role in helping the Republic of Albania structure and implements it first large public-private partnership (PPP) transaction in the energy sector, which brought a strong and reliable internationa...
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| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/05/10653065/ashta-hydropower-turning-doubtful-concept-technological-trailblazer http://hdl.handle.net/10986/10545 |
| Summary: | International Finance Corporation (IFC)
played a key role in helping the Republic of Albania
structure and implements it first large public-private
partnership (PPP) transaction in the energy sector, which
brought a strong and reliable international investor into
the country. Verbund, Austria's largest electricity
company won a 35-year concession to build and operate the
Ashta plant, the first major hydropower plant built in
Albania in 30 years. Verbund will invest more than $220
million in the project, resulting in an expected savings on
Albania's electricity imports in excess of $45 million
during the first five years of the plant's operation.
The Ashta hydropower plant is a great example of how IFC
involvement can bring about real change by fostering
innovative solutions. |
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