Region: Europe and Central Asia
Country: Albania
Sector: Energy and Power
Keywords: Knowledge Lab, Hydropower, Energy and Power
Document(s):
- Albania: Hydropower Privatization1021.49 KB
Document Summary:
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.
Document Details:
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.
Updated: June 22, 2022