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Follow on Google News | Global Markets: Investments in Albania rose 316 percentAlbanian Minerals President and CEO Sahit Muja said "Albanian has a huge potential for renewable energy from hydro-power, wind, solar, geothermal, and biomass"
Albania presents an excellent opportunity to invest. Albania has reformed the tax system to 10 percent flat taxes in 2007 to attract foreign investment and promote growth. The Albanian Prime Minister reported that investments in Albania rose 316 percent in four years. The Prime Minister Sali Berisha has a green energy agenda to transform Albania as a green energy center for Europe. Albanian Prime Minister Berisha has embraced ambitious plans to power Albania on renewable sources of energy. Albanian Minerals President and CEO Sahit Muja said "Albanian has a huge potential for renewable energy from hydro-power, wind, solar, geothermal, and biomass" . "The Albanian Government has paved the way for billions of dollars to be invested for green power projects". Renewable energy in Albania is from hydro-power and accounts for 90% of electricity produced while 10% is produced in small thermal power plants. The Albanian hydro-power potential is considered to currently be exploited at only 40%. Albanian Minerals President and CEO Sahit Muja "Albania has the potential to build about 2000 new hydro-power plants". The Wind and solar energy sources have the greatest potential in Albania after the hydro generation. Albania has huge wind potential from power full winds from low sea levels to the Alps. Albania has one of the strongest winds in Europe. Albania has incredible potential in solar energy. The Mediterranean country has one of the best numbers of the sunny days in the world. Albanian Minerals President and CEO Sahit Muja "Albanian Minerals is planing to invest in green energy in Albania. # # # Albanian Minerals is Metal Mining and trading Company one of fastest growing mineral company in Europe End
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