Today: Jun 13, 2026

Verbund wins bid to build Ashta hydropower station

1 min read
18 years ago
Change font size:

TIRANA, August 1 – Verbund has won the bid to build the Ashta hydropower station, the Ministry of Economy, Trade and Energy (METE) announced on Friday. Verbund’s bid totaled 95.33 out of 100 points by METE’s Evaluation Committee, as opposed to the 59.21 point-bid by the NCR-Electrabel consortium.
The bid evaluation process was based on several criteria, such as the construction costs and duration, technical quality, power capacity and social standards. Verbund’s project includes avoiding modifications on the Drini riverbed where it joins Buna River, so it does not affect the water flow of the Shkodra Lake.
Verbund counts more than 90 hydropower stations it has built around the world, with a total power of 6.000 mW and a production of 22.8 billion kW an hour. The Ashta hydropower station is expected to deliver between 40 and 70 mW. The building costs are estimated at some 166 million Euros, and the company said the power plant would be ready in 36 months.

Latest from Business & Economy

The Chief Executive Officer of OTP Bank Albania, Mr. Bledar Shella, described this investment as a reflection of the bank’s vision to build long-term and sustainable relationships with its clients.

OTP Bank Albania inaugurates new Private Banking premises in Tirana

Change font size: - + Reset Tirana Times, May 18, 2026 – OTP Bank Albania has inaugurated new premises dedicated to the Private Banking segment, unveiling an exclusive space designed for clients
4 weeks ago
2 mins read
Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

Building a Trusted Health Tourism Ecosystem: Albania’s Next Competitive Advantage

Change font size: - + Reset by Professor Alaa Garad Tirana Times, March 17, 2026 – There are countries you visit, and there are countries you remember. Albania is rapidly becoming the
3 months ago
7 mins read