TIRANA (Albania), February 5 (SeeNews) – Albania-based LM Energy Corporate has applied for a building permit for a solar park in Sheq Marinas area near the southwestern city of Fier, the energy ministry said.

The photovoltaic park is expected to have installed capacity of 50 MW, the energy ministry said in a statement late on Monday.

The ministry provided no details about the estimated cost and implementation timetable of the project.

In November,the energy ministry said it selected a consortium led by India Power Corporation for the construction of a 100 MW solar park worth 70 million euro ($79.3 million) in Akerni area, near the southwestern port city of Vlora.

The tie-up comprising India Power, Mining Resources FZE based in the United Arab Emirates and Hong Kong-based Midami Ltd offered a combination of technical and financial credibility, price and additional capacity, the energy ministry said in a press release at the time.

Albania produces over 90% of its electricity from HPPs, most of it from three power stations along the Drin river, in the northern part of the country.

($ = 0.87387 euro)