Statkraft prepares for Devoll hydroelectric project construction

Albania Map

Norwegian utility Statkraft A.S. has announced its intent to begin construction on the Devoll hydroelectric complex in Albania, HydroWorld.com has learned.

The Devoll project will eventually include three separate hydropower plants, though Statkraft's announcement only included two. The pair -- called Banja (also spelled "Banje") and Moglice -- will have a combined output capacity of about 240 MW and will cost $714 million. Both are expected to be in operation by 2018.

Devoll Hydropower Sh.A. (DHP), which is developing the project, used to be a 50/50 joint venture between Statkraft and Austrian energy company EVN AG. EVN sold its share to Statkraft in March, giving Statkraft total control of DHP.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs