Balkans

It is transforming Sazan Island, located at the entrance of the Gulf of Vlora, into an ultra-luxury resort destination.

The company has undertaken one of the few transportation projects in Europe where four TBMs are used simultaneously, and it is considered emblematic for the country.

The deal is Masdar’s latest involvement in the southern European power space, following its €3.2 billion (US$3.4 billion) acquisition of Greek power company Terna Energy.