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

In support and implementation of Law No. 9901, dated 14.4.2008 “On traders and commercial companies”, amended, Decision No. 570, dated 3.10.2018 “On supervisory councils of state-owned joint stock companies”, the number of members of the supervisory council of KESH sh.a., as a company part of strategic sectors will be 6. The members of the Supervisory Council of KESH sh.a. are appointed by the Ministry of Infrastructure and Energy in the capacity of the General Assembly of the company. Based on the company’s statute, a chairman and a deputy are elected from among the members. Chairman. Referring to the special law and the company statute, the members of the supervisory council of KESH sh.a. are appointed for a period of 3 years, which term can be renewed by the General Assembly of Shareholders. Currently, the composition of the supervisory council of KESH sh.a. is:

1. Ms. Evis Mamaj         Chairman            Term of appointment                      05.04.2022 – 04.04.2025
2. Mr. Arian Hoxha           Member              Term of appointment                     18.10.2023 – 17.10.2026
3. Ms. Kledia Ngjela        Member           Term of appointment                   27.01.2023 – 26.01.2026
4. Mr. Luigj Pjetri             Member            Term of appointment                   04.07.2024 – 03.07.2027
5. Mr. Ylber Muceku         Member            Term of appointment                     14.10.2021 – 13.10.2024
6. Ms. Olta Manjani     Member             Term of appointment                   29.08.2023 – 28.08.2026

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.