MYTILINEOS announces new energy project in Albania

MYTILINEOS Greek Corporation Mytilineos.

MYTILINEOS announced on Friday that its Sustainable Engineering Solutions Business Unit (SES BU) has entered into a contract agreement with Operatori i Sistemit te Transmetimit Sh. a. (OST) for the development of a 400kV network in Albania.

In an announcement, Mytilineos said this is a strategic energy project for Albania that will aid the country to effectively participate in European energy markets.

By developing this 400kV network in southern Albania, the project will contribute to the energy transmission system by enhancing the interconnections with the electricity networks of neighbouring countries.

This will enable conditions for trade exchanges, achieving a secure and reliable energy network system.

The project involves the construction of the new substation “ Elbasan 3” and the reinforcement and extension of substation “Fier”.

The new Elbasan 3 substation will extend the existing 400/220/30kV substation Elbasan 2 with a new switchyard on 400kV level to connect the lines to Tirana 2, Zemblak, Fier and North Macedonia substations.

Modification will take place at the existing 400/220/30kV substation Elbasan 2.

In substation Fier, the existing 220kV switchyard will be extended with new bays and a new 400/220/35kV transformer.

This is the first energy project for MYTILINEOS in Albania, heralding a new era for the company in the broader Balkan region through its elevated SES BU.

The company strategically invests in global goals of energy transition by applying its world esteemed expertise in the dynamic development of sustainability projects.

The given project is scheduled to be completed within 24 months, in addition to 12 months for the warranty period.

The contract value for MYTILINEOS amounts to 21,173,500 euros.

The project is co-financed by Germany through KfW and by the European Union within the Western Balkans Investment Framework.

READ MORE: Dendias meets with Greek National Minority members of Albania.