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:

Demand for electricity is much higher than the domestic generation, which means that Albania is one of several net importers countries in the region. In 2007 the power utility Albanian Power Corp, imported more than 50% of its consumption but in 2009, the situation has improved considerably and imports are only expected to come to 11% of consumption.

In 2009 a 5.3 billion dollar plan was announced by Albania and Croatia to build a 1,500 MW nuclear power plant at Lake Shkoder, close to the border with Montenegro, which is fighting the proposal.

The Italians are interested in Nuclear power in neighbouring countries and wants Albania to become an energy superpower in the region.