About Devoll hydropower sh.a.
Devoll Hydropower Sh.a.: Leading the Way in Sustainable Energy Production
Devoll Hydropower Sh.a. is a leading energy company that specializes in the production of sustainable energy through hydropower. The company is a subsidiary of Statkraft, which is Europe's largest producer of renewable energy. Devoll Hydropower Sh.a. operates in Albania and is responsible for the development and operation of the Devoll hydropower project, which is one of the largest hydroelectric projects in Albania.
The Devoll hydropower project has been a significant investment for Statkraft, as it represents their commitment to sustainable energy production and reducing carbon emissions. The project has been under development since 2009 and was completed in 2018, with an investment cost of over €500 million.
The Devoll hydropower project consists of two power plants: Banja and Moglice. The Banja power plant has an installed capacity of 68 MW, while Moglice has an installed capacity of 183 MW. Together, they have a total installed capacity of 251 MW and can generate up to 700 GWh per year.
Devoll Hydropower Sh.a.'s operations are carried out through its subsidiary companies: Statkraft Renewables Albania Sh.p.k., which manages the operation and maintenance activities at both power plants; and Devoll Power Transmission System Operator (DPTO), which manages the transmission system that connects both power plants to Albania's national grid.
In addition to its operations in Albania, Statkraft also operates globally as a market leader in renewable energy production from water, wind, solar sources as well as being involved with trading electricity across borders.
Statkraft's commitment to sustainability extends beyond just producing clean energy; they also prioritize environmental protection by implementing measures such as fish ladders that allow fish species to migrate upstream during spawning season without being harmed by turbines or other equipment used in the hydropower process.
Devoll Hydropower Sh.a. and Statkraft Renewables Albania Sh.p.k. are committed to providing sustainable energy solutions that meet the needs of their customers while also protecting the environment. They are constantly exploring new technologies and methods to improve their operations and reduce their carbon footprint.
In conclusion, Devoll Hydropower Sh.a. is a leading energy company that is committed to sustainable energy production through hydropower. Their investment in the Devoll hydropower project represents their commitment to reducing carbon emissions and protecting the environment while meeting the growing demand for clean energy in Albania and beyond. With its subsidiary companies, Statkraft Renewables Albania Sh.p.k., and DPTO, they continue to lead the way in renewable energy production globally as well as being involved with trading electricity across borders.