Turk firm wins tender in Albania

TIRANA - Anatolia News Agency

A Turkish company, Kürüm International AŞ, has won the tender for the privatization of the four hydroelectric power plants in Albania with a bid of 109 million euros.

The privatization was finalized after Albanian Prime Minister Sali Berisha approved the final report presented by the privatization commission.

Kürüm International purchased every share of the four hydroelectric power stations, including Bistra 1 and Bistra 2, which are worth 52 million euros, and Ulez Skopet and Tiran Laabregas, which are worth 57 million euros, according to a statement from the Albanian Cabinet. The decision for privatizations would come into force immediately, it said.

The firm owns also Elbasan Steel Manufacturing Facilities, a lime manufacturing plant and a 120,000-square-meter shipyard in Durres Port in Albania.