Albania-Italy Interconnection
line will be constructed by Max Streicher company

February 25th, 2015

The
construction of Albania – Italy Interconnection Electrical Energy Line will be
made by Max Streicher German company, as announced by the Minister of Energy
and Industry, Damian Gjinknuri. Albanian Minister Gjiknuri and the head of Max
Streicher company signed on Wednesday in Munich the agreement in creating a
consortium for the construction of this project.

Based on the agreement, the German company will be the main leader
of this consortium for the construction of a 200 million EUR interconnection
line. Present during the signing of this agreement was the Bavarian State
Secretary of Economy and Energy, Franz Jozef Pschiere, which expressed
Bavaria’s interest and the support towards this project.

Gjiknuri and Pshciere held discussions about the cooperation of
Albania and Bavaria in energy and economy and mentioned the potentials Albania
offers in energy field.

Max Streicher will make the study of the feasibility and will
finance the interconnection line construction in cooperation with other
investors that will take part in this cross-border investment of a huge
importance for the energy corridor of Southern Europe. The implementation of
this project will make possible new investments in renewable energy sector in
Albania.

News source/photo credits: Invest-in-Albania