Company Profile
- Details
- Category: About Us
- Saturday, 01 January 2011 00:00
- Published on Saturday, 01 January 2011 00:00
- Written by Joomla!
- Hits: 3272
Devoll Hydropower Sh.A. (DHP) is an Albanian Joint Venture company between the Austrian company EVN AG and the Norwegian company Statkraft AS. Both EVN and Statkraft are equal owners each holding 50% of the shares. The Albanian government, through an open international tender, awarded to DHP a BOOT (Build, Own, Operate and Transfer) concession. The scope of this concession is to develop hydroelectric power plants in the Valley of the Devoll River, located in the southeastern part of Albania. The Concession Agreement was ratified by the Albanian Parliament and entered in force on 1 April 2009.
DHP has its offices in Tirana and Gramsh, and also operate a Public Information Centre in Gramsh. Devoll Hydropower is a company reflecting the Albanian culture and values with a talented team of men and women dedicated to making this project a success in the Albanian energy sector.
Our shareholders have a heritage of excellence in improving energy supply, not just in their countries but also globally. Respecting Albanian laws and adhering to international standards DHP shall follow their footsteps.
This project sets an important landmark, attracting foreign investments in the Albanian energy sector and improving the security and stability of the country’s power system.
