Al­ba­nia picks group led by IPCL for so­lar plant

The Sunday Guardian - - Nation - REUTERS

Al­ba­nia’s gov­ern­ment picked a group led by In­dia Power Cor­po­ra­tion Lim­ited (IPCL) to build the Adri­atic coun­try’s first so­lar power sta­tion worth 70 mil­lion Eu­ros ($ 79.34 mil­lion) with a ca­pac­ity of 100 MW, the En­ergy Min­istry said on Satur­day.

The of­fer by In­dia Power, Min­ing Re­sources FZE based in the United Arab Emi­rates and the Hong Kong- based Mi­dami Ltd. was the one out of three with the best com­bi­na­tion of “tech­ni­cal and fi­nan­cial cred­i­bil­ity, price and ad­di­tional ca­pac­ity”, it added.

“This project will be an im­por­tant step in diver­si­fy­ing en­ergy re­sources in Al­ba­nia and lead the way in turn­ing Al­ba­nia into a cen­tre of so­lar power in the Balkans,” said the min­istry.

The So­cial­ist gov­ern­ment of Prime Min­is­ter Edi Rama wants to in­stall 120 MW of so­lar and 70 MW of wind power ca­pac­ity by 2020, since more than 90% of Al­ba­nia’s power is pro­duced from rivers and a newly built power plant, be­set by a cool­ing prob­lem, does not work.

Once the so­lar plant has been built in 18 months, it will sell power to the lo­cal dis­trib­u­tor at 59.9 Eu­ros per MW for 15 years out of its 50 first MW. En­ergy from the other 50 MW will be sold at mar­ket prices.

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