| Summary: | International Finance Corporation (IFC)
played a key role in helping the Republic of Albania
structure and implements it first large public-private
partnership (PPP) transaction in the energy sector, which
brought a strong and reliable international investor into
the country. Verbund, Austria's largest electricity
company won a 35-year concession to build and operate the
Ashta plant, the first major hydropower plant built in
Albania in 30 years. Verbund will invest more than $220
million in the project, resulting in an expected savings on
Albania's electricity imports in excess of $45 million
during the first five years of the plant's operation.
The Ashta hydropower plant is a great example of how IFC
involvement can bring about real change by fostering
innovative solutions.
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