Turkey’s Calik Energy will invest $70m to build new wind power plant in Georgia
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Turkish energy company Calik Energy will build a new wind power plant in Georgia’s Kartli region.
The decision came after a meeting between Georgia’s Economy Minister Dimitry Kumsishvili and chairman of the supervisory board of Calik Energy, Ahmad Calik. The meeting was held yesterday in the Turkish capital city of Ankara during Kumsishvili’s official visit to turkey.
It was decided that the Turkish energy company will build a 50 MW wind power plant in Kartli, announced Georgia’s Ministry of Economy.
To implement this project Calik Enegry will invest $70 million in Georgia.
The projects will be implemented in coordination with Georgia’s Energy Development Fund.
Georgia has already begun utilising its huge wind energy potential thanks to the first wind farm which was built in the Kartli region in 2016.
The 20MW Kartli Wind Power Plant has generated 103,923,000 kWh of power since it opened in 2016.
In January 2018 the plant plant generated 7,123,340 kWh, which is 723,000 kWh more than expected.
The United States Agency for International Development (USAID) is launching a new three-year energy program in Georgia to support the development of energy market in the country. The $7.5 million energy program aims to contribute to the development of commercial electricity opportunities in Georgia.
Georgia’s first wind farm, a 20MW Kartli Wind Power Plant, has generated 103,923,000 kWh of power since it opened in 2016 in central Georgia’s Shida Kartli region.
Georgia is striving to fortify energy security in the country and improve its economy by building the largest hydro power plant in the recent history of independent Georgia - the Nenskra Hydro-Electric Power Plant (HPP).
The Kingdom of Norway is supporting the development of renewable energy sources in Georgia by approving $4 million for the country.
Georgia and Turkey are considering the development of a fiber-optic transmission line between Europe and Asia over the territories of Georgia and Turkey.
Large European energy companies Nord Pool and Bluberries will prepare recommendations for Georgia to help the country become a regional hub for electricity trade.
The international consultancy company McKinsey&Company is helping Georgia create an energy development strategy, Georgia’s Ministry of Economy has announced.
High-officials have gathered in Georgia’s capital of Tbilisi to discuss the upcoming natural gas reform in Georgia that will contribute to the expansion of the gas market, attract investments and provide for increased security for the country’s gas supply.
The Government of Georgia, a German government-owned development bank KFW and the French Development Agency (AFD) are signing a declaration on launching reforms for developing the energy market in Georgia and improve energy efficiency in the country.
Georgia is increasing the export of electricity to Turkey, announces Georgia’s Ministry of Economy. As of May 9, 2018 export of electricity increased by 61.4 percent compared to the same period of 2016, says Georgia’s Ministry of Economy.
Energy company Energo-Pro Georgia is planning to invest 5,234,000 GEL in restoring high voltage electricity lines in Georgia.
Representatives of large Turkish companies will arrive in Georgia next month to learn about prospects for developing furniture production in the country and the furniture market in Georgia in Georgia.
Electricity consumption in Georgia was up 6.9 per cent in 2017 year-on-year at 11.20 billion kWh of electricity.
Russia will supply Georgia’s occupied region of Abkhazia with electricity from today due to the critical situation at the Enguri HPP.
Ministry of Economy lists reasons
The Ministry of Economy of Georgia has released a statement explaining why the construction of the small hydropower plants of Khadori 3 and Samkuratskali 2 in Pankisi Gorge is beneficial for Georgia.
A 50-megawatt wind power plant near the village of Nigoza in eastern Georgia is planned to begin operations in 2022, announces the Ministry of Economy of Georgia.