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Thursday, 27 October 2016


Tbilisi waiting for many-billion investments into its power economy

2011-02-07 16:31

13175.jpegGeorgia is waiting for many-billion investments into its power economy: it wants to build 15 hydroelectric power stations and become the largest electrical energy exporter in the region, Business-Georgia reports. As was stated by Georgian Minister of Energy Alexander Khetaguri, Tbilisi is expecting to attract 3,5 billion dollars for the construction.


The minister stated that the agreements on building new hydroelectric stations with the capacity of 2.200 megawatt have been signed: they have been achieved with various companies and private investors.

"The construction of all these stations will be started within the nearest 3-4 years. The total volume of investments may be 3,5 million dollars", - Khetaguri said. The minister reported that Georgia started the construction of four hydroelectric stations with the capacity of 150 megawatt in 2009-2010. This year, it is planned to start the construction of another five stations. The construction is scheduled for 2012.
"Investments into the construction of hydroelectric stations to be started in 2011 is to make over $1 billion", - the minister said. According to him, the construction of one hydroelectric station takes three to six years.

Last year, the minister said, $250-300 million were invested in the Georgian power sector. These investments came from RF, USA, Turkey, Lithuania, Estonia, South Korea and Czech Republic.
In his statement, Khetaguri also underlined that last year, Georgia reached a record in electric energy export - 1,3 billion kilowatt/hour.

"Basing on this figure and the potential available, Georgia may become a large exporter of electric energy, which, in its turn, will take an important place in the structure of the Georgian export", - Khetaguri underlined.

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