Albania Gets Six Bids to Build Adriatic Country’s First Solar Power Station

Albania Gets Six Bids to Build Adriatic Country’s First Solar Power Station as more than 90 percent of Albania’s power is being produced from rivers. The newly built power plant not functioning where the Socialist government of Prime Minister Edi Rama wanted to install 120 megawatts (MW) of solar and 70 MW of wind power capacity by 2020. Albania received six bids from companies interested in building its first solar power plant and a commission is now evaluating them to determine qualifiers for the next stage, they are U.S. and European bidders, the Energy Ministry said.

Albania Gets Six Bids to Build Adriatic Country’s First Solar Power StationUnder the bidding rules, any company meeting the technical and financial criteria will be awarded 70 points. The remaining 30 points, which will most likely decide the outcome, will be given to the company choosing to sell at a cheaper rate to the OSSHE power distributor monopoly, securing a guaranteed buyer for the first half of the renewable 30-year-deal.

The ministry said in a statement that the bids were being examined and evaluated according to the government’s competition criteria, which favours those who build a plant bigger than the obligatory 50 MW and sell more cheaply to the local distributor. It considered the investment an important milestone since “it would not only increase electricity output but also promote renewable resources”. The salty lands at Akernia near the Adriatic seaport of Vlore have been chosen as the location of the plant because it has the highest potential solar power efficiency. Its potential solar power output is estimated at more than 1,600-kw hours per sqmt.

For More Real Estate News Click Here

Get an awesome sticky message bar!Download