Nenskra HPP: Construction of major Georgian Hydro Power Plant begins
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The Government of Georgia is on a path to construct large Hydro Power Plants (HPPs) in Georgia to ensure the country’s energy security.
Today construction of the biggest HPP since Georgia gained independence, Nenskra HPP in western mountainous Svaneti region, officially started.
While attending the historic ceremony today, Georgia’s Prime Minister Irakli Garibashvili stressed the 280 megawatt HPP, worth $1 billion USD, would play a crucial role for Georgia’s energy stability.
The HPP will be the guarantee that our energy field is more sustainable and safe,” Garibashvili said, noting the energy produced at the HPP would replace imported energy during winter.
The construction phase of the project is due to end sometime in 2021 however the Nenskra HPP will start producing electricity from 2019.
The HPP is expected to annually produce 1.2 billion kilowatts of electricity per hour.
The Nenskra HPP construction will be based on a Build-Operate-Transfer (BOT) structure, where the investor is obliged to build the HPP, operate it for 35 years then transfer ownership of the HPP to the state.
The Korea Water Resources Corporation (K Water) is one of the project’s major investors, while the construction works will be carried out by the Italian industrial group Salini Impregilo.
Construction of a billion dollar Hydro-Electric Power Plant (HPP) has begun in Georgia’s northwest.
Italian industrial group Salini Impregilo is being offered the chance to handle a hydroelectric project in Georgia and contribute in developing the energy sector in the country.
The European Bank for Reconstruction and Development (EBRD) is teaming up with Georgia's Partnership Fund (PF) to provide significant financial support to the Nenskra Hydro Power Plant (HPP) project, earmarked for the upper Svaneti region.
Georgia is starting to implement the largest energy project the country has ever seen to move Georgia one step closer towards energy independence.
Three Hydro Power Plants (HPPs) will be built on the Mtkvari River to increase the country’s power generation.
Georgia is expected to become a member of the Energy Community (EC) – an international organisation that deals with energy policy – in September 2016.
Georgia will earn about half million GEL as a transit country that supports the transfer of energy from Azerbaijan to Turkey.
A sudden flooding of the river Nenska in the village of Tchuberi in Svaneti region has cut the village off from the rest of Georgia, as all five bridges have been destroyed, infrastructure has been heavily damaged and many of the houses are in water.
After more than two years of investigation, the Nenskra hydropower plant (HPP) project, planned for the upper Svaneti region of Georgia, has been found non-compliant with the environmental and social policies of the European Bank of Reconstruction and Development (EBRD) and the European Investment Bank (EIB), announces Georgian non-governmental organisation.
Georgian prime minister Irakli Garibashvili on Monday discussed the implementation process of the 280 MW Nenskra hydro power plant project in the country’s north-western Svaneti region with the CEO of the investing Korean company K-Water, the government press office said.