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Albania to establish an energy park near a coastal city |
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Friday, 02 March 2007 |
Albanian authorities approved on Thursday a feasible study to build natural gas terminals and relevant infrastructure in the coastal areas near Fieri District in southwest Albania.
Three companies, Swiss EGL, Dutch-based Trans European Energy and
international consortium ASG Power SA, have been given the green light
to build terminals for liquefied natural gas and power plants around
Vjosa River in Fieri district, about 100 kilometers southwest of
Tirana, the capital city of Albania.
"The implementation of these projects will give an impetus to economic
development in Albania, and even in a wider area," the government said
in a statement.
Albania has been energy hungry since 1990, and it experienced an energy
crisis from the end of last year to the beginning of this year when
lack of rain and decreased import of electricity from neighboring
countries plunged the hydro-power dependent country into darkness, with
power cuts across the country ranging from 5 hours to 14 hours a day.
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