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Home arrow News arrow Huge Energy Deal with Italy will help Investors
Huge Energy Deal with Italy will help Investors PDF Print E-mail

Dec 2nd -

Great for news for Albania and great news for Italy. I firmly think that once again, countries are acknowledging the importance of Albania. The Albania Property market and investments in general will be helped by the huge extra income produced from deals such as this. Here is the news in full :

Albania signed two deals worth more than 2 billion euros ($2.53 billion) on Tuesday with Italian companies to produce power and export it to Italy in a move to ease its chronic shortages and help Italy cope with its power deficit.
Italy's Prime Minister Silvio Berlusconi and Albania's Prime Minister Sali Berisha watched as two of the biggest deals were signed in what marks a revival of cooperation between Albania and Italy.

The one billion euro re-gassification project with the Falcione Group involves importing liquid gas that will be turned into gas to fire a power plant in the southern area of Seman, near Firer, for both the Albanian and the Italian market via undersea connections.
The 1.2 billion euro wind farm with the Moncada Construzioni, billed by some as the biggest one in Europe, is planned to be built south and south-east of the western Albanian city of Vlore by Italy's Moncada Construzioni.
Ministers also signed a 160-million-euro agreement with Italy's Todini Construzioni Generali to build a cement plant and a joint agreement for development cooperation in what marks the crowning of the biggest projects between the two neighbours.
 
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