3Power Energy Group Inc (PSPW)

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I hope he is not talking about us


TIRANA- All concessions received for the construction of hydropower plants that are not active will be canceled by the state and would be brought back to the tender. The news was announced Minister of Energy, Gjiknuri Damian, who commented to the media today some issues related to the field of hydropower concessions. Below find the questions and answers.

"These contracts are just on paper and not have any kind of interest from private investors to develop, they have no interest to stick to him the so-called black market contracts to find potential investors", - said Minister of Energy, According to him, "better let them take state and bring in competition for those who are interested to invest". Gjiknuri said that "if there were not neat investor to make and develop this, then it is a contract which economically or had no value or people do not have good accounts when they get ". Ministry of Energy is conducting the verification process and according to managers, will soon be announced before those public contracts are invalid and no longer exist. Added on 06-03-14 15:30

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