📋 Tender Overview
Location: Albania
Project number: 54350
Business sector: Energy
Notice type: Private
Environmental category: B
EBRD Finance Summary: EUR 30,000,000.00
Total Project Cost: EUR 40,000,000.00
Project Description
A sovereign-guaranteed loan of up to EUR 30 million in favour of the Albanian power generation state-owned enterprise, Korporata Elektroenergjitike Shqiptare (KESH). The loan proceeds will be used for the construction of a 50MWp ground-mounted solar photovoltaic plant in the Belshi area (The Project).
Project Objectives
The electricity generated from the plant would increase KESH's generation capacity and help it fulfil its Public Service Obligation (PSO) (~30% of annual electricity consumption is imported). The proposed project provides an excellent opportunity for KESH to diversify its current almost entirely hydro-reliant generation in line with its i) investment strategy (solar PV capacities +80 MWp) and ii) the national strategy for expansion and diversification of its mix of electrical power production with new forms of Renewable Energy Sources (RES).
Transition Impact
ETI score: 60
The transition impact arises from delivering climate mitigation benefits through the construction of 50 MWp of additional renewable energy generation capacity in Albania. The plant's generation is expected to comprise around 1% of the annual national electricity production.
