A bit of history…
Milestones in the Company’s Transformation
Establishment of the General Directorate of Power Plants (DPCE) as a State-Owned Enterprise.
Transformation of DPCE from a State-Owned Enterprise into a Commercial Company, the Albanian Electric Power Corporation (KESH).
KESH sh.a. gains the status of a Joint-Stock Company with 100% of shares owned by the Albanian State.
Adoption of the current status of KESH sh.a., in line with EU legislation on the privatization of non-natural monopolies, which mandated the separation of core functions. This led to the removal of Transmission and Distribution operations, leaving the company focused solely on Energy Production.
Transmission functions are removed from KESH sh.a., and the Transmission System Operator is established.
Distribution and Retail Supply functions are separated, leading to the creation of the Distribution System Operator (OSSH).
KESH sh.a. operates in Energy Production, Public Wholesale Supply, and Energy Trading. The company remains 100% state-owned.
Public Wholesale Supply functions are transferred to OSHEE, allowing KESH to focus on energy production, trading, and maintenance and development of generation resources.
Establishment of the SENA company, wholly owned by KESH sh.a., under a financing agreement for the construction of the Floating Photovoltaic Plant in Vau i Dejës.
KESH diversifies energy production, with the commissioning of the Qyrsaqi Dam PV plant, Vau i Dejës HPP with a power of 3.14 MW.
KESH takes over the function from OSHEE for the purchase/import of energy for supply to FSHU, for Universal Service customers, within the framework of fulfilling the Public Service Obligation
KESH joins the Albanian Energy Exchange (Alpex) as of April 1, 2023.
In January 2025, KESH became part of a trilateral cooperation between Albania, Italy and the United Arab Emirates, launching a partnership with the MASDAR company for the development of renewable energy projects up to 3 GW and the export of energy through an underwater cable to Italy, an important step towards energy diversification, digitalization and international positioning of KESH.
On April 9, 2025, KESH signed a Memorandum of Understanding with the French AFD, marking a strategic partnership that mobilizes funds of up to 600 million euros for sustainable investments in energy and digitalization, with the first project including the digital modeling of the Drini Cascade and the modernization of the main HPPs.
Fierza Hydropower Plant
Koman Hydropower Plant
Vau i Dejës Hydropower Plant
Vau i Dejës HPP is a dam-and-lake type plant, with the Vau i Dejës Lake created through the construction of four distinct dams:
1. Qyrsaq Dam
2. Zadeja Dam
3. Rragam Dam
4. Gjoç Dam
Vau i Dejës is classified as a first-class project, emphasizing its critical role in energy production and regulation within the cascade.