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Sept 1st - Albania is to host what is expected to become Europe's biggest onshore wind farm when it is completed, according to plans announced by the Italian Moncada construction company.
The project, which has already been approved by the Albanian government, will have a total generating capacity of 500 megawatts. Europe's biggest onshore wind farm, currently under construction in Scotland, will have a generating capacity of 322 MW.
It will also includes the construction of a transmission line between the Italian city of Brindisi and the Albanian port of Vlora. The 400 kV power cable, stretching 145 km across the Otranto channel under the Adriatic Sea at a depth of over 900 metres, will allow for electricity to be transmitted in either direction between the two countries.
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August 25th - Due to the huge multiple investments ( as below ) it is now being strongly muted that Albania Property as an investment will now follow as the next big investment for midium risk and high reward. Here we look what is new in investment and how the future is looking progressive and positive.
It's been a good summer for electricity-starved Albania as work began on the construction of three hydropower plants on the Devoll River with a combined capacity of 320 megawatts (MW), and one 48-MW hydropower plant on the Drin River.
Austrian power firms EVN and are jointly building the Ashta hydroelectric power plant in northern Albania, which will become operational in 2012.
In June, EVN and Statkraft of Norway begun constructing three hydropower plants on the Devoll River in Albania that will have a combined capacity of 320 MW and will increase the actual production of power in Albania by around 20%. "The implementation of this project, which is one of the major investments in Albania and among the biggest in Europe in the field of hydro energy.
Over the last decade, Albania has faced growing difficulty supplying its consumers with electricity. A lack of primary energy resources, limited production and interconnection capacities and full dependence of its power production on hydro resources, are some of challenges for the country, experts say.
One of the main problems dogging Albania's energy sector is the increase in electricity consumption by households, which has led to high levels of technical and non-technical losses, and a reduction of security of supply. In Albania, electricity consumption per capita is much lower than the European average. However, analysts expect electricity consumption to grow by 5% each year, a rate that's second only in the region to Turkey.
In 2009, Albania secured another €4.3bn in investments for three other major energy projects:
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August 25th - The economy around Europe and the USA is showing strong signs that a recovery is close. The site is obtaining more and more hits as investors around the world are looking to new areas for long term growth for their capital. Albania is one of the wealthiest lands in natural resources per square mile in the world and has amazing mountains, beaches, lakes, rivers, forests, and rich soil. Underneath this land lies billions of proven barrels of oil, trillions of square yards of natural gas, gold, platinum, copper, the largest chrome reserves in Europe, bauxite, nickel, cobalt, magnesium, ores, marble, granite, coal and much more. Albania is rapidly building its infrastructure and in the near future it will be the only country in the world to produce 100% of its energy from Hydropower, Windpower and Solar Power. Billions of dollars are being invested there presently. This almost free friendly environment energy will create opportunities to mine and process billions of tons of minerals Albania was one of the countries in the world with economic growth and real estate appreciation in 2008.Despite the international economic crisis, the Albanian economy registered considerable growth – equal to 6% – in the first quarter of 2009.The news was announced by the Albanian national statistics institute.
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26/6 In the next few days the Albania people and the world will know the outcome of the latest general elections in Albania. We along with millions of others will be looking if the elections can be shown and proven to be democratic and honest. A non corrupt result, no matter who wins, will help establish Albania as one of the leading countries making their way towards being part of the European Union in the next 4 years.
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13/3/09 Albania Property Albania, like all countries with EU entry on the horizon there are great prospects for property investment. But Albania has had one of the most effective fiscal systems of government of all the Balkan states; enjoying solid economic growth for the last decade, and making a series of excellent fiscal and economic reforms during that time.
This meant that -- unlike some Balkan states -- for Albania, the chance of becoming a member of the EU was only a boost to its economic potential.
Albania's Investment in economic and fiscal reforms successfully brought a quarter of the poorest in the population out of poverty between 2002 and 2007, which then led to the World Bank upping Albania to a middle income country in 2007. This meant Albania became eligible to apply for loans from the World Bank and other sources for infrastructure development as oppose to relying on grants. This news was supplied by Liam Bailey ( an overseas property investment specialist )
http://www.write-about-property.com/blog/overseas-property--where-would-i-invest---part-1-albania-235.php
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