BEG's involvement in the hydroelectric field started in 1994, with the intuition that renewable energy would have been the smart business of the future, an activity at the same time virtuous and profitable. The years of experience in the hydraulic field made hydroelectric the obvious field for the new challenge. A second lucky intuition allowed BEG to single out the Balkans, and especially Albania, as the perfect scenario to start and invest in the production of hydroelectric energy. Apart from the strategic geographical position, Albania has great energetical development potential and hydrogeological features that justify huge investments to carefully study its watercourses.
After studying the territory for ten years, BEG started managing hydroelectrical plants on concession. BEG has been among the first companies to bet on the Albanian energetic potential and currently is among the main foreign investors on the territory, and the only private investor building an hydroelectrical plant in the Balkans.
This project consists in building a hydroelectrical plant in Kalivac, on the Vjosa river, about 170 km from Tirana and 100 km from the border with Greece. Built in a joint-venture with Deutsche Bank, the facility was designed by Studio Lombardi SA Ingegneri Consulenti and is expected to cost 235 million euros.
The works needed a long precautionary study about the morphological features of the area and an environmental impact assessment executed by ERM Italia according to the World Bank standards. ERM carefully analyzed the flora, the wildlife and the ichthyic situation of the area and conducted surveys and interviews in order to bring the least possible impact on the local population.
This facility received a BOT tipology (Build, Operate and Transfer) 30-year concession from the Albanian government. It will produce an average of 350 million Kwh of new renewable energy per year, with a power of 100 MW (two turbines).
This is an all-Italian operation, which will involve the entire productive system and some of the most important national companies in this field (Cmc - A.C.M.A.R., Franco Tosi Meccanica).
To date, 40% of the works have been completed. The start-up is expected for 2012.