Financing Agreements for Ashta Hydropower Plant in Albania Signed

With the signing of the financing agreements for Ashta hydropower plant, the last of the outstanding contracts for the completion of the project that has been under construction since March 2010 have now been concluded. The overall volume of €140 million will be borne equally between VERBUND International Finance B.V. and BAWAG PSK Bank für… Continue reading Financing Agreements for Ashta Hydropower Plant in Albania Signed

Energji Ashta: Closing with EVN Successfully Completed

Following the approval granted by the Albanian and European competition authorities, EVN’s acquisition of the stake in the project company Energji Ashta has been legally completed. EVN thus holds over 50% of Energji Ashta – general management of the construction and operation of the Ashta power plant remains with VERBUND. Effective today, EVN has legally… Continue reading Energji Ashta: Closing with EVN Successfully Completed

Project Ashta is the first major IPP realized in Albania

As the Project Ashta is the first major IPP (Independent Power Plant) realized in Albania, the finalization of the Grid Connection Agreement required special effort of both parties, especially to define this new interface in detail. The approval of the Albanian Energy Regulator (ERE) had to be received for the jointly (by OST and Energji… Continue reading Project Ashta is the first major IPP realized in Albania

ENERGJI ASHTA Shpk and ANDRITZ sign agreement

Graz/Vienna, September 17, 2009. ENERGJI ASHTA Shpk and the international technology Group ANDRITZ have signed an agreement on the electromechanical equipment for the Ashta power plant in Albania, using ANDRITZ’s proven HYDROMATRIX® technology. The order value for ANDRITZ is approx. 100 M EUR. The power plant is scheduled to start operation in 2012. ANDRITZ HYDRO… Continue reading ENERGJI ASHTA Shpk and ANDRITZ sign agreement