Friday, April 16, 2021

Greece's Mytilineos signs 21.2 mln euro deal for substations construction, extension in Albania


April 16, 2021. Greece  

TIRANA.


Greek industrial group Mytilineos said on Friday it has signed a 21.2 million euro ($25.4 million) contract with Albania's state-owned power transmission system operator OST for the construction and extension of substations in the country.

The deal includes the construction of a new substation, Elbasan 3, which will extend the existing 400/220/30 kV substation Elbasan 2 with a new switchyard on 400 kV level to connect the lines to Tirana 2, Zemblak, Fier and North Macedonia substations, Mytilineos said in a statement.

The company will also extend the existing 220 KV switchyard at substation Fier with new bays and a new 400/220/35kV transformer.

The project is expected to be completed within 24 months, with additional 12 months of warranty period.

It is co-financed by the Federal Republic of Germany through development bank KfW and by the European Union within the Western Balkans Investment Framework, the statement read.

($ = 0.8343 euro)


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