EVN AG interested in building hydropower plants in Albania

TIRANA, Sep 1 – In its report on the development of business in the first three quarters of 2007/08 for the EVN AG, the company made known that the business environment in the energy sector in the first three quarters of the financial year 2007/08 was characterized by lower temperatures compared to the same period of the previous year, increasing wholesale electricity and primary energy prices, stable economic growth in Austria, as well as a dynamic economic expansion in South East Europe.
In Albania, EVN is competing for two water power plant projects. Negotiations with the government of Albania for a concession to construct three peak load storage power plants on the Devoll River are well advanced. The contract is awaiting the formal approval of the Albanian government and the National Parliament. In addition, a strategic partnership is targeted with Verbundgesellschaft to construct a river power plant in Albania.