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
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
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 is proudly supporting one of the biggest cultural events of the northern region, SHKODRA JAZZFEST 2010, which is becoming a very important event, part of the jazz scene all over Albania and Mediterranean area. Energji Ashta chose SHKODRA JAZZFEST 2010 with the aim of being a close partner for the region and local… Continue reading Energji Ashta supports SHKODRA JAZZFEST
member Peter, Layr (EVN), General Director Wolfgang Anzengruber (Verbund), General, Director Burkhard Hofer (EVN), Deputy General Director Johann, Sereinig (Verbund), board member Ulrike Baumgartner-Gabitzer, (Verbund), board member Herbert Pöttschacher (EVN) The first international cooperation between EVN and Verbund is sealed. Verbund and EVN have signed the syndicate contract for the Ashta hydropower plant, which is… Continue reading Verbund and EVN Jointly Implement Albanian Hydropower Plant, Ashta Syndicate Contract is Signed
Verbund, Austria‘s leading electricity company and among Europe‘s top electricity utilities, is to start the construction of the world’s largest matrix power plant in Albania by the beginning of March 2010. The project company “Energji Ashta”has been granted all necessary permits and is expected to finalize construction work on the more than 50-MW-strong hydropower plant… Continue reading Verbund project company Energji Ashta to start construction on HPP in March 2010
On January 7, 2010, the Albanian government declared a state of emergency. In the Bushat community on the river Drin, 300 houses were flooded up to a depth of 1 meter. In the entire region 2,000 homes and more than 10,500 hectares of agricultural land were inundated. Due to the energetic and immediate initiative of… Continue reading Verbund provides aid to northern albania after floods
