Shares of Georgia’s wind farm to be sold at Georgian Stock Exchange
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Shares of Georgia’s wind power plant will be sold on the Georgian Stock Exchange. Citizens of the country will have the chance to buy them and become shareholders.
This is a form of privatisation which I think will importantly encourage, first of all, the development of the Georgian Stock Exchange,” said Georgia’s Prime Minister Giorgi Kvirikashvili after announcing this initiative at today’s Government Meeting.
On the other hand it is also very important for our citizens to have a sense of involvement in those important projects that we have been implementing. Also, local investors will have the chance to purchase the project shares since the project will be prepared for a public offering at the local stock exchange,” Kvirikashvili added.
Wind is plentiful in Georgia and now the country is using this valuable resource to power the country, particularly in winter when demand is high.
Georgia’s first wind farm, a 20MW Kartli Wind Power Plant, was officially opened in October 2016 in the Gori municipality in central Georgia’s Shida Kartli region.
About $34 million was spent on building the new wind farm in Gori.
Following the opening of the Kartli Wind Power Plant, the state-owned Georgian Energy Development Fund (GEDF) is searching for an investor to develop Georgia’s second wind power plant, a 150MW wind power plant in Zestaponi, in Georgia’s western region of Imereti.
Investors sought for Zestaponi Wind Power Plant
State-owned Georgian Energy Development Fund (GEDF) is searching for an investor to develop Georgia’s second wind power plant.
Get a close-up view of the amazing process of how the new Kartli Wind Power Plant was built. See giant parts of wind turbines and impressive construction work in a video released by the Georgian Energy Development Fund, a joint-stock company founded by Georgia’s Ministry of Economy.
Georgia welcomes first wind farm
Wind is plentiful in Georgia and now the country is using this valuable resource to power the country, particularly in winter when demand is high.
“Wind in Georgia’s service”, says Energy Minister
Final installation and preparations are ongoing at Georgia’s first wind energy project – a 20MW wind power plant in Gori municipality in central Georgia’s Shida Kartli region.
London Stock Exchange is hosting a ‘Georgia Investor Day’ together with Galt & Taggart, members of Bank of Georgia Group PLC and the leading brokerage firms in Georgia today.
A wind energy plant in Gori in the Shida Kartli region of Georgia will be privatised in a month or month and a half, Georgian Economy Minister Natia Turnava said. Turnava stated certain facilities belonging to the state are difficult to sell as the privatisation process requires special preparation in advance.
Georgian Best Energy Group has purchased 25 per cent of shares in electricity distribution company Telasi, which serves the Georgian capital city of Tbilisi, for $10.5 million.
The Georgian government on Monday discussed the project of constructing new wind power plants in western Terjola and Tkibuli municipalities, the government administration announced.