Enel to Help Develop Albanian Energy Sector

Dec 5, 2007 - Datamonitor

Italian energy giant Enel has signed a memorandum of understanding with the Albanian government for the development of the energy sector in the country.

The memorandum envisages the construction of a thermal power plant to deal with the growing domestic demand, as well as to serve nearby markets.

Enel plans to build a thermal generation power plant fueled by imported coal that will use last generation technologies and have an estimated capacity of approximately 1,300MW. Along with satisfying the growing domestic demand, the plant will also be able to serve the Italian market when new interconnections between the two countries and southeastern Europe are established.

The parties believe that the new plant will provide Albania with baseload power at competitive costs, thus making a decisive contribution to rebalancing the mix of the country's sources of power, which are currently almost entirely accounted for by hydroelectric facilities.