Knowledge Note

As part of a broader effort to liberalize and reform its energy sector, the Albanian Ministry of Economy, Trade and Energy decided to privatize four hydropower plants with a combined capacity of 76.7 megawatts. Some of the plants were in need of rehabilitation to allow them to operate with increased efficiency, safety, and reliability. Following advice from IFC, the four plants were packaged into two companies and privatized through transparent and highly competitive international tenders. They will be operated in compliance with strict environmental standards.

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