Turkish company invests $90m in Georgia’s Kheledula 3 HPP

Georgia’s Energy Minister Kakha Kaladze and Anadolu Tasıt Ticaret A.S. Energy Group Coordinator Tugban Izzet Aksiyom at today's press conference. Photo by Georgia's Ministry of Energy.
Agenda.ge, 15 Dec 2016 - 14:50, Tbilisi,Georgia

Georgia is taking genuine steps to gain energy independence by utilising all of the country’s natural resources.

Today it was confirmed a new Hydro Power Plant (HPP) – Kheledula 3 – will be built on Khedula River in Georgia’s Lower Svaneti region.

Turkish company Anadolu Tasıt Ticaret A.S. will invest $90 million to build the 50.77 megawatt Kheledula 3 HPP in Georgia.

Today Georgia’s Energy Minister Kakha Kaladze and Anadolu Tasıt Ticaret A.S. Energy Group Coordinator Tugban Izzet Aksiyom signed a deal to start construction of the new power station.

Following the deal Anadolu Tasıt Ticaret was obliged to supply Georgia with electricity during the period when there is a power deficit (mostly during the winter months) in the country.

Meanwhile, the Turkish company has already funded the creation of the Paravani HPP in Georgia’s Samtskhe Javakheti region.