Statkraft enters jont venture in Albania Statkraft AS, the Norwegian based European leader in renewable energy and the Austrian based leading utility company EVN have announced a Joint Venture in regard of the Devoll river concession in Albania.
Both companies will hold 50% in the joint venture company and will build on their experience in the region and use their combined knowledge in the planning, construction and operation of this challenging hydropower project. Burkhard Hofer, CEO of EVN AG, comments on the joint venture agreement: The direct foreign investment in the project will boost the Albanian economy, create new jobs and increase the security of energy supply. The Devoll river HPP project is currently one of the largest hydropower projects in Europe. (NRK/Press release) Rolleiv Solholm Written by Rolleiv Solholm Related ArticlesDramatic increase in Norwegian foreign aid
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