Valley river with hills and trees in Devoll Albania
Statkraft is well underway with the Devoll hydropower project in Albania, initially consisting of the two hydropower plants Banja and Moglicë with a combined capacity of 243 MW and an annual production of about 700 GWh.
In total, the Devoll project consists of three hydropower plants in the valley of Devoll, with an installed capacity of 278 MW. On average the three power plants will produce about 800 GWh annually, increasing the Albanian electricity production by almost 20 per cent.
The construction of Banja started in June 2013, and the power plant was officially opened in September 2016. The Moglicë power plant will be opened in 2019.
The investment decision for the third plant, Kokel, will be considered when the first two plants are completed.
The power plants are located on the Devoll River, about 65 kilometres southeast of the capital Tirana. They will utilise a head of 555 metres in the river, between 650 and 95 metres above sea level. The investment frame for the two first plants is estimated to EUR 535 million.
The project company Devoll Hydropower Sh.A. used to be a 50/50 joint venture between Statkraft and the Austrian energy company EVN. In 2013 Statkraft acquired EVN’s 50 per cent share and is now 100 per cent owner of the company and the construction project in Albania.