Albania's Public Private Partnerships

Find out contracts, concession companies and funding sources

Database of concession projects and Public Private Partnerships signed by the Albanian government during the period 2004-2020.

Construction of hydropower plants along the Sheja e Hotolishti stream

The concession contract was concluded between the Ministry of Economy, Trade and Energy and the companies Vortek shpk, By Best Duty Free shpk and AK shpk.
The object of the contract is: financing, design, construction, commissioning, administration, maintenance of hydropower plants Lakes, Maja e Madhe, Zanore, Dragostunje, Frari, Hotolisht and Ura in the stream of Sheja e Hotolishtit, Librazhd district. At the end of the concession period, the facilities will be transferred to the Contracting Authority.

HEC-i Dragostunje
Company Description
Temporary merger of companies Vortek shpk, By Best Duty Free shpk and AK shpk. The company was established on 28.10.2009, with a share capital of 1'000'000 ALL. The company was created specifically to implement the concession contract. Its head office is at the address: Rruga e Elbasanit, Villa no. 71, Tirana. The company was created to implement the concession project.

Vortek - 20% of the shares
Energy Development Group - 80% of the shares
In the Founding Act, Vortek shpk and By Best Duty Free shpk own 50% of the shares each.

Related Persons and Entities
Imer Memetaj - current administrator (04.10.2016 - 04.10.2021)
Marenglen Meqemeja - former administrator (04.12.2013 - 04.10.2016)
Redi Frashëri - former administrator (22.05.2012 - 04.12.2013)
Sokol Meqemeja - former administrator (13.04.2012 - 22.05.2012)
Redi Frashëri - former administrator (28.10.2009 - 13.04.2012)