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Ulez & Shkopet SHPPs

Sector: Hydro • Location: Albania

Source: World Bank Group

Project
Active

Kurum, a Turkish steelmaker, won the bid for the divestiture of the Ulez & Shkopet small hydropower plants, in Southern Albania. The plant consisted of 49.5MW: Ulet was 25.2MW, Shkopet was 24MW.

The competitive bid based on highest price paid to the government was won with a bid of EUR 57.5 million (US$75.75 million). Initial tenders of the same projects had to be canceled 4 times due to lacking

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The project “Ulez & Shkopet SHPPs” is an infrastructure initiative in the Hydro sector, located in Albania. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Kurum, a Turkish steelmaker, won the bid for the divestiture of the Ulez & Shkopet small hydropower plants, in Southern Albania. The plant consisted of 49.5MW: Ulet was 25.2MW, Shkopet was 24MW. The competitive bid based on highest price paid to the government was won with a bid of EUR 57.5 million (US$75.75 million). Initial tenders of the same projects had to be canceled 4 times due to lacking interest over worries of the monopoly position of KESH. Output is to be sold to KESH. EVN also showed interest in the tender, but it is unknown if they have submitted a bid. Total cost was US$75.8 million. The financial closure date was December 2012, date of finalizing the tender. The project is reported as under development as the final signing of the contract only took place in February 2013. http://www.researchviews.com/energy/power/hydro/DealReport.aspx?sector=Hydro&DealID=211877 Reuters News, Turkish Steelmaker Kurum Tops Bids for Albania Hydro Plants, 21 December 2012

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