Albania: KfW bank approves 37MEUR loan for 110Kv transmission line, SEE Energy News
A power transmission line of 110 kV which is to be built in the south of Albania has delayed investment that greatly punished the whole economy development. This transmission line will supply electricity district of Vlora, Gjirokastra and Korca. The works will last two years and the total value of investments will amount to 49 million euros.
“The tourism sector in the country is most affected by lack of serious investments and as a result the attractiveness which provide countries in the region cannot be achieved,” President of the Association of Albanian restaurant and hotel owners, Zak Topuzi said.
South of Albania has suffered much damage due to absence of energy, water and infrastructure. But the problems in this part of the country are far greater.
One of them ends. The German Development Bank (KfW) has recently approved a loan of 37.7 million euros for the construction of the southern transmission line. Loan agreement is on the agenda of parliamentary committees and it is expected to be ratified.
This transmission line will supply electricity district of Vlora, Gjirokastra and Korca. The works will last two years and the total value of investments will amount to 49 million euros.
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