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The concession for the cascade of Devoll approved

21. January 2009

The project is an investment of around 1 billion euros, and it secures a long term exploitations of the waters of river Devoll.

The government has approved today the giving under ownership, exploitation, maintenance and transfer of the project for the hydro power station on river Devoll.
Prime Minister Berisha considered the project for the construction of the cascade of Devoll as the biggest one in Europe in the energy field. The companies which will take under its ownership of this cascade are Austrian company AVN AG, Statkraft AS and Devoll Hydropower.