StockMarketWire.com - Statkraft has decided to start the construction of the Devoll hydropower project in Albania.

Initially, it has decided to build the two hydropower plants Banjë and Moglicë with a combined capacity of 243 MW and an annual production of about 700 GWh.

In total, the Devoll project consists of three hydropower plants in the valley of Devoll, with an installed capacity of 278 MW. On average the power plants will produce about 800 GWh annually, increasing the Albanian electricity production by almost 20%. The investment decision for the third plant will be considered when the first two plants are completed.




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