Statkraft buys EVN AG’s share in Devoll hydropower project22. March 2013. / SEE Energy News
Austrian energy group and hydro project operator EVN AG has agreed to sell its 50% share in Devoll Hydropower ShA to Norwegian utility Statkraft A.S.
EVN AG’s sale of Devoll Hydropower ShA (DHP) – developer of the 280-MW Devoll hydroelectric complex along Albania’s Devoll River – must still be approved by Albania’s Ministry of Economy, Trade and Energy, which awarded a concession agreement to the parties for development of the project in 2008.
The US$1.24 billion project will consist of three separate hydropower plants to be located at Banja, Kokel and Moglice in southern Albania.
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