Alpiq wins bid in Albania
International tender to construct hydroelectric power stations
Swiss energy company Alpiq Holding Ltd. won the bid together with Hydro Power Nord Albania. The two companies plan to build hydroelectric power stations with a total capacity of around 80 MW on the River Curraj. Last year, in line with its plans to promote hydro power, Albania launched an international invitation to tender for several concessions for hydroelectric power stations. Winning the tender is the first of several steps on the long path towards realisation of the project. A final decision on the construction of the hydroelectric power stations will be made at a later stage.
The River Curraj is situated in Northern Albania, in a region that is home to most of the country's hydroelectric power stations with a total capacity of 1700 MW. The region is rich in precipitation, and its hydrological conditions make it ideal for hydro power generation.
This engagement in Albania marks the start of Alpiq's activities to harness the power of water in South Eastern Europe. Alpiq has extensive know-how in the field of hydroelectricity. For more than 100 years the company has been operating hydroelectric power stations in Switzerland, where it boasts a capacity of almost 3000 MW.
About Alpiq Holding Ltd.
Alpiq is the leading energy trader and services provider in Switzerland, geared towards Europe. The company was created at the beginning of 2009 as a result of the merger between Atel Holding Ltd. and EOS. In 2008 Atel and EOS achieved consolidated revenue of CHF 15.8 billion. The two companies are responsible for around one-third of Switzerland's electricity supplies. With a workforce of more than 10,000, Alpiq operates in 26 countries around Europe. The company specialises in electricity generation and transmission, sales, trading and energy services. More information on Alpiq: www.alpiq.com