Albania to build gas terminals, power plants
Authorities defined three areas in southwest Albania for the construction of gas terminals and power plants.
Saturday, 03.03.2007.
10:40
Albania to build gas terminals, power plants
Three companies will build terminals for liquefied natural gas, or LNG, on areas covering 60, 120 and 30 hectares around Vjosa River in Fieri district, about 100 kilometers southwest of Tirana, the government said in a statement.Swiss EGL, Dutch-based Trans European Energy and international consortium ASG Power SA have been authorized to build the terminals and power plants, and were expected to apply soon for construction licenses, officials said.
The projects will supply Albania with power, as well as providing gas and power through international connections to the European grid.
Authorities could now say exactly when the projects would start, or how much investment they entailed. The ASG Powers SA, based in Lugano, Switzerland, and Trans European Energy would likely start their projects this year, said Gjergj Bojaxhi, vice minister of Trade, Industry and Energy. EGL was more interested in building a gas pipeline, he said.
Liquefied natural gas is transported by being cooled and condensed into a liquid form. It is stored at receiving terminals until it can be converted back into a gaseous form and delivered via pipeline to customers.
Albania has suffered power cuts during post-communist period since 1990.
Last month the Albanian Electro-Energy Corp., known as KESH, signed a €92 million contract with Italy's Maire Engineering SpA to build a 100 MWh oil-based thermo-power plant in Vlora, 140 kilometers southwest of Tirana, completing it in two years.
The Vlora plant will also be supplied with gas from the Fieri terminals.
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