US firm explores Georgia’s hydro power investment opportunities

American private investment firm Schulze Global Investments is interested in investing in the construction of small and medium-sized Hydro Power Plants in Georgia, and believes there is a lot of potential in the renewable energy sector in Georgia that can be utilised.

This was revealed after Georgia’s Acting Prime Minister Giorgi Kvirikashvili met with Gabriel Schulze, executive chairman of Schulze Global Investments last evening.

After the meeting Kvirikashvili said a group of entrepreneurs from the United States (US) would visit Georgia next year to familiarise themselves with the Georgian market and investment opportunities.

Schulze Global Investments manages the investments of hundreds of millions of USD in the largest markets of the world. It is now keenly interested in getting exposure to the construction of small and medium-sized Hydro Power Plants in Georgia,” the Government’s Administration said in a press release.

The pair discussed investment opportunities in Georgia. Schulze believed Georgia was a "very interesting market” for investors and the country had "great potential for growth”.

Meanwhile Schulze congratulated Kvirikashvili for his party's overwhelming victory in the Parliamentary Elections last month and expressed his hope that the US company's fruitful cooperation with the Government of Georgia would continue.

Schulze Global Investments is a US investment firm with a head office in Singapore. The company has a track record of almost 10 years and its clients include large investors from all over the world, along with the international financial institutions (IFIs) and funds. Schulze Global Investments manages the Caucasus Clean Energy Fund worth $100m USD in Georgia, and has a focus on investments in the construction of small and medium-sized HPPs.