The DHP Concession Agreement with the Republic of Albania is based on a BOOT model. The Concession was signed on 19.12.2008 and was ratified by the Albanian Parliament on 1st of April 2009.
A BOOT concession is a common model of public-private partnership. BOOT stands for:
B – Build:
After the Pre-Construction Phase, the construction of the power plants will start.
O – Own:
After construction, DHP will own the power plants and will be responsible for their maintenance.
O – Operate:
DHP will operate the power plants to produce hydroelectric, environmental friendly energy.
T – Transfer:
After fulfilling the Concession Agreement obligations, the ownership of the power plants will be transferred to the Republic of Albania.