Albania: Hydropower Privatization
Publication Date:
Aug 01, 2013
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This series showcases how the World Bank Group supports the development and implementation of public-private partnerships. This support comes in the form of public sector loans, private sector finance, sector and transaction advice, guarantees, and output-based aid.
In September 2008, the government signed a 35-year concession with Verbund (Austria’s largest electricity company) to build and operate a new hydropower plant. Over a threeyear period, the project mobilized $262 million in private investment, increased Albania’s power generation capacity by 53 megawatts, and delivered improved services for 170,000 people. Construction of the plant began in January 2010 and became fully operational in March 2013.
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