Project Notice
|
| PNR |
61910 |
| Project Name |
KESH Belshi Solar PV Project |
| Project Detail |
Location:
Albania
Project number:
54350
Business sector:
Energy
Notice type:
Private
Environmental category:
B
Approval date:
17 Jul 2024
Status:
Exploratory
PSD disclosed:
26 Apr 2024
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 KESHs 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). |
| Funded By |
European Bank for Reconstruction and Development (EBRD) |
| Sector |
Energy & Power |
| Country |
Albania , Southern Europe |
| Project Value |
ALL 40,000,000
|
