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Albania
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Fortenova sells agri unit to Podravka for 333 mln euro
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Albania’s KESH signs hydropower insurance contract with Eurosig

Jun 4, 2024, 4:26:48 PMArticle by Genta Hodo
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June 4 (SeeNews) - The Albanian state-owned energy corporation, KESH, said on Tuesday it has signed a 170 million leks ($1.8 million/1.7 million euro) contract with local insurance services provider Eurosig to cover KESH-owned hydropower plants in Koman, Vau i Dejes, Fierze, as well as its information centre and a warehouse in Durres.

Albania’s KESH signs hydropower insurance contract with Eurosig
Vau i Dejes HPP, Shkodra, Albania/ Photo: Albania's energy corporation KESH

The insurance contract covers assets worth 113.3 billion leks as of end-December 2023, over a two-year period, KESH said in a signed contract notice.

Established in 2006 in Tirana, Eurosig operates in Albania, Kosovo and North Macedonia, specialising in non-life insurance, according to the company website.

In December, Eurosig said it had completed the buyout of the United Bank of Albania (UBA), becoming its sole owner.

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