Will Albania build its first lithium ion battery plant?
Chief Executive Officer Bruno Papaj said the firm signed a memorandum of understanding with an Indian investor on the construction of Albania’s first lithium ion battery plant. The facility is planned to come online within two years, with 100 MW in annual capacity.
Does Albania have a hydropower plant?
Hydropower makes up almost the entire domestic output in Albania, which helps balancing to a point, but it has no pumped storage hydropower plants. Furthermore, the country is exposed to drought and often turns to emergency imports.
Does Albania have a power supply security problem?
Albania is a net importer of electricity; power supply security is a challenge. Albania’s domestic generation is almost entirely dependent on hydropower since the country’s only thermal power plant is currently inoperable.
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