Collegial bodies

The company KESH sh.a. is a joint stock company with 100% of its capital owned by the Albanian State (represented by the Ministry of Development, Economy, Trade and Free Entrepreneurship), based on the incorporation act of 17/10/1995, registered with the District Court of Tirana by Decision no. 12728, dated 06/11/1995. KESH sh.a. controls 100% of shares in the company TEC Vlorë (Vlorë Thermal Power Station)

The General Assembly

The General Assembly, pursuant to Article 135 et seq of law no. 9901, dated 14/04/2008 “On Entrepreneurs and Companies” as amended, and Articles of Association of KESH sh.a. is the highest decision making body of KESH
The rights and obligations of the General Assembly are exercised by the company sole shareholder, which is
the Albanian State.
The sole shareholder of KESH sh.a is represented in the General Assembly by the Ministry of Economic Development, Tourism, Trade and Entrepreneurship.

Supervisory Board

The Supervisory Board consists of 6 members appointed by the Assembly of Shareholders. The duration of their term of office is 4 years. Based on the Articles of Association of the Corporation, the Supervisory Board elects among its members a Chairman and a Deputy Chairman Currently, its composition is as follows:

Arian Hoxha

Member

From : 2023 –

Luigj Pjetri

Member

From 02/02/2018 To: 02/02/2024

Ylber Muceku

Member

From : 2023 –

Evis Mamaj

Chairman

From : 2023 –

Kledia Ngjela

Member

From : 2023 –

Olta Manjani

Member

From: 2023 –

Some of the main competencies of the Supervisory Board are as following;

• Appoints the CEO
• Approves the annual programs, the short term, midterm and long term activities of the Association of the Corporation.
• Approves the annual accounts and the annual report by the CEO of the Association
• Exercises permanent control over the administration of the Association by the CEO and provide him the power to carry out operations that the CEO cannot perform without the prior authorization of the Council.