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Consortium plans 700-mln-euro Albanian power project

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TIRANA, Sep. 24 – Greece’s International Technological Applications (ITA) will participate in a consortium with Chinese companies Boading Tianwei Group and Shanghai Topsolar Green Energy to begin construction of a 600 MWh power plant in Elbasan, Albania, before the end of the year, according to Greek newspaper Kathimerini. The project is the largest part of the consortium’s 700-million-euro investment program, according to ITA’s President Antonis Gerasimou. The coal-fired plant, whose construction is projected to take two years, will export power to Greece and other European countries. There will be two supplementary projects, a biodiesel unit and a combined heat and power “greenhouse” production facility.

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