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KESH 13.9 million euro photovoltaic plant passes final review, decision on financing expected

  • 1/21/2021 2:21 PM
KESH 13.9 million euro photovoltaic plant passes final review, decision on financing expected

The project for the construction of a photovoltaic plant on the lake of the Vau of Deja hydropower plant has passed another phase in terms of funding possibilities.

The European Bank for Reconstruction and Development (EBRD) has given final approval to the submitted project concept while funding approval is still pending on January 27, 2021. The EBRD announced that the project is worth approximately 14 million euros will not be fully funded by it, but at least 9.75m euros will be provided by the bank and the rest by the power generation company itself.

Referring to the documents, the project will take place in the Vau of Deja reservoir, in the North of Albania, near the town of Vau of Deja. The surface of the floating photovoltaic plant will be about 12 hectares. Compared to the total surface of the reservoir, this represents 0.45% of its surface.

"The projected installed capacity is 12.9 MW maximum power: the average annual energy production will be 17434 MWh: this corresponds to the average consumption of a city with 10,000 inhabitants.

Floating PV will be anchored at the bottom of the tank (with concrete blocks, ground screws / augers or similar equipment), connected to the floating PV with underwater cable. The PV plant will benefit from the proximity to the Vau of Deja hydropower plant, and will thus have a close connection to the network. There will be no need for long transmission lines or high voltage lines.

Several locations were rated for the floating photovoltaic plant. "Gomsiqa Bay was excluded for common reasons of conservation of biological diversity and preservation of tourism / landscape ”is stated in the documents prepared by the Albanian Power Corporation and submitted to the EBRD.

A few days ago KESH opened a procedure for another smaller photovoltaic park. It is about the construction and installation of photovoltaic plant in the dam of Qyrsaq in HPP Vau of Deja with an installed capacity of 5.142 MWp in the dam of Qyrsaq, HPP Vau of Deja.

For this project the limit fund set by KESH was a little more than 470 million ALL or about 3.8 million euros.

/Klara Ruci/