TIRANA, Jan 25 – Albania signed a Euro 1 billion project to build an energy park with Italy’s Marseglia Group.
The Italian company will build a 140-megawatt liquid biomass energy plant and two 234-megawatt wind farms. The deal signed Friday also provides for an underseas power link between Italy and Albania and converter substations in the Lezha district, 60 miles north of Tirana. It is not clear when construction will start.
The electricity produced by the new energy park will be sold to the Italian market. At the same time, Albania will be eligible to receive unlimited energy at a lower price.
In December, Albania signed two major energy contracts worth Euro 2 billion with two other Italian companies for a wind farm and a gas-powered electricity plant.
Albania signs a euro1 billion contract with Italy’s Marseglia Group for energy park
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