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Friday, 28 October 2016


Indian companies implement hydropower projects in Georgia

2013-05-17 12:10

Indian companies Tata POWER and CLEAN ENERGY, as well as fund IFC InfraVentures begin the implementation of hydropower projects in Georgia, the Trend reports. According to the press service of the Prime Minister of Georgia, representatives of the largest multinational Indian company Tata Group has expressed a desire to invest in Georgia at the Davos meeting with Prime Minister Bidzina Ivanishvili.


The total capacity of hydropower projects will amount 400 megawatts. The projects will be implemented in three phases. Completion of the first phase (185 MW) is planned for the first half of 2016. Energy generated in the winter will be used to meet domestic needs, and in the summer - to exports, including in Turkey. The total project cost is 400 million dollars.

Recall, this week Finance Minister of Georgia Nodar Khaduri met with representatives of international companies that operate in the area of search of new potential markets for investment.

The delegation of representatives of international companies consisted of managers of the investment companies "Eaton Vance," "Standard Bank," "Gulf International Bank" and "Global Evolution."


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