Greek NEWS

MYTILINEOS announces new energy project in Albania

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.

Ads1

Ads1
Athens Bureau

Recent Posts

39 monasteries in Greece and Mount Athos issue letter supporting the Ukrainian Orthodox Church (Moscow Patriarchate)

The monks stated that the persecution of the Ukrainian Orthodox Church continues with unrelenting intensity.…

52 minutes ago

Energean Signs $2 Billion Natural Gas Supply Agreement with Israel's Dalia Power Energies

Energean, a British-Greek oil and gas company, announced on Thursday that it has finalized a…

4 hours ago

Stefanos Tsitsipas shares heartfelt words for Paula Badosa after her Australian Open defeat

After Paula Badosa's semifinal loss at the 2025 Australian Open, she reflected on her journey…

6 hours ago

Archaeologists Uncover an Ancient Greek Bronze Statue Scrapyard Loaded with Body Parts

Archaeologists in Turkey have unearthed around 2,000 pieces of bronze statues in an ancient scrapyard…

7 hours ago

Megyn Kelly Weighs in on Rumors of Alleged Obama-Aniston Affair

A viral social media post has ignited rumors of a romantic relationship between Jennifer Aniston…

8 hours ago

Trump's Crypto Revolution: President Launches Working Group to Reform U.S. Digital Asset Policy

On Thursday, U.S. President Donald Trump announced the formation of a dedicated cryptocurrency working group…

8 hours ago