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TIRANA, Nov. 15 – Albania’s government approved a new hydroelectric plant project and an undersea grid connection with Italy on Wednesday, in deals worth 1.3 billion euros, seeking to address the acute nation-wide power shortages. Italy’s Tassara-Geotecna Progetti-Kinglor, or TGK, was awarded a concession to build a 550 megawatt hydropower station, costing some 600 million euros in Skavica on the Drini River, about 200 kilometers northeast of Tirana. The government also approved building an underseas power connection with Italy. The 700 million euro deal was awarded to ASG Power SA as part of a related 2.5 billion euro project to build a power plant and a re-gasification terminal at Seman, 100 kilometers southwest of Tirana.
