+44 207 394 30 90 (London)

Georgia Capital on track to launch second phase of Mestiachala hydro power plant

Главная » News » Georgia Capital on track to launch second phase…

Georgia Capital said its renewable energy business had commissioned the first phase of Mestiachala hydro power plant, while also remaining on track to launch the second phase in June this year.

The 50MW cascade of Mestiachala plant, located in Svaneti region, commenced in May 2017. The actual cost per megawatt amounts to $1.2m, with approximately 70% of the total project cost financed through debt facilities from local and international financial institutions, the company said.

Mestiachala HPP was expected to have total net annual generation of about 171 GWh.

‘I am very pleased to announce that our renewable energy business has successfully commissioned Mestiachala hydro power plant on time and within budget and starting from today the business will generate recurring revenue streams. I would like to thank and congratulate the management team on this significant milestone for the business, which is on track to achieve its targeted 500MW operating capacity in the medium term,’ Irakli Gilauri, Georgia Capital Chairman and CEO.

Source: Shares


Renewable Energy Could Be The Next Big Thing For Azerbaijan

Despite ranking in the top 20 among nations with crude oil proved reserves and the top 25 when it comes to natural gas, Azerbaijan is moving ahead with developing renewable sources of energy. On Monday, the German-Azerbaijani Chamber of Commerce based in Baku released its 2019 market analysis, which describes ways the South Caucasus’ largest…

China to provide Uzbekistan with $ 25 million loan for HPPs construction

Uzbekistan plans to build two new small HPPs on the Dargom Canal in the Samarkand region at the expense of China’s soft loans, Trend reports with reference to a government decree on April 8. The aim of the project is to consistently increase the use of renewable energy sources, increase the balance of energy resources…

ADB Supports Modernization of Uch-Kurgan Hydropower Plant

The Asian Development Bank (ADB) has approved a $100 million financing package to modernize aging equipment and improve power generation capacity at the Uch-Kurgan hydropower plant (HPP), the oldest of the six HPPs installed along the Naryn River cascade in the Kyrgyz Republic. ADB’s assistance, comprised of a $60 million loan and a $40 million…