3Power Energy Group Inc (PSPW)

[future123]

Inside Story/ Suspicious transaction, "Gener 2" transferred 40% of HEC shares worth millions of euros for free
11/08/2023 21:57

On September 10, 2020, ERE has licensed the company "SEKA HYDROPOWER", in the activity of electricity production from HECs: "Seke" and "Zais" for a term of 28 years

What stands out is that in the past, the company "GENER 2" was also a shareholder of the company with 40% of the shares. We are talking about the same entity that built the HPP on the Valbona river in Tropoja, damaging one of the pearls of Albanian nature.

SEKA HYDROPOWER shpk is a concessionary company created by the temporary merger of the companies "GENER 2" shpk and HYDRO-PROJECT shpk for the implementation of the concessionary contract related to the Ministry of Economy, Trade and Energy in 2012.

But only one year after the conclusion of this fat contract, in 2013, by the decision of the assembly of partners of the company, the departure of the partner "GENER 2", who will transfer 40% of the shares owned by him in favor of the other partner, is approved "Hydro-Project", against no reward.

This is a questionable passage where "GENER 2" agrees to pass 40% of the quotas without any reward for an asset worth millions of euros. In this way, "HYRDO-PROJECT" shpk becomes the sole partner of the company with 100% of the shares.

https://top-channel.tv/2023/11/08/inside-story-transaksioni-i-dyshimte-gener-2-transferoi-falas-40-te-aksioneve-te-hec-ve-me-vlere-miliona-euro1/