Statkraft buys EVN AG’s share in Devoll hydropower project

Austrian energy group and hydro project operator EVN AG has agreed to sell its 50% share in Devoll Hydropower ShA to Norwegian utility Statkraft A.S.

EVN AG’s sale of Devoll Hydropower ShA (DHP) — developer of the 280-MW Devoll hydroelectric complex along Albania’s Devoll River — must still be approved by Albania’s Ministry of Economy, Trade and Energy, which awarded a concession agreement to the parties for development of the project in 2008.

The US$1.24 billion project will consist of three separate hydropower plants to be located at Banja, Kokel and Moglice in southern Albania. reported in October 2012 that DHP had named a joint venture comprised of Mott MacDonald and Boyne et Bellier as owner’s engineer for the development of the Devoll project.

Previous articleFERC, Coast Guard agree to cooperate in licensing of hydrokinetic energy projects
Next articleProject manager sought for Ecuador hydroelectric development project

No posts to display