TIRANA, May 23 /ATA/ – The European Bank for Reconstruction and Development (EBRD) will be providing an additional amount of 12.7 million euro in financing the hydro power plant (HPP) dam upgrade in Albania.
The Council of Ministers adopted Wednesday the EUR 12 million additional loan agreement with EBRD under the dam safety program in the country.
The financing is part of a dam safety programme, worth about 70 million euro, implemented by the Albanian government together with other international financial institutions.
The investment will upgrade HPP dams in northern Albania to improve their safety according to European standards. The dam safety program also strengthens Albania’s integration into the Energy Community of South East Europe.
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