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Albania
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Fortenova sells agri unit to Podravka for 333 mln euro
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Albania's Gjo-Spa Power launches 15 mln euro HPP - govt

Nov 5, 2012, 2:29:14 PMArticle by Nina Byalkova
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TIRANA (Albania), November 5 (SeeNews) – Albanian firm Gjo-Spa Power, part of Italy’s ETEA group, has launched a 15 million euro ($19.4 million) hydropower plant (HPP) on Bushtrice river, in northeastern Albania, the government said.

Albania's Gjo-Spa Power launches 15 mln euro HPP - govt

The Lapaj HPP has an installed capacity of 13.62 megawatts (MW) and an annual production capacity of 49,865 megawatt hours, the government said in a statement posted on its website on Sunday.

Local and Italian investors plan to build another six HPPs with a total capacity of over 50 MW on the Bushtrice river.

($=0.7729 euro)

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