During the recent visit of Keith Krach, Under Secretary for Economic Growth, Energy, and the Environment, the United States and Albania signed a historic memorandum of economic cooperation between the two countries. This memorandum is considered a significant achievement in elevating the economic relations between Albania and USA. The US firm – Bechtel signed an agreement for the construction of the Skavica hydropower plant, which seems to be the largest contract ever awarded to a sole U.S. firm, is a very good start.
The PM of Albania stated that the Skavica hydropower plant, a 100% Albanian government-funded project, enters the path to finalization. The procedures for this strategic project for energy independence designed to turn Albania into a key factor in the region’s energy sector.
For more information please visit: https://www.kryeministria.al/en/newsroom/me-skavicen-100-kapital-shteteror-rrisim-kapacitetin-e-prodhimit-te-energjise-se-paster/