Economy minister announces Gori wind farm to be privatised shortly
The wind farm has been operating since December 20, 2016. Photo: The Georgian Energy Development Fund.
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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.
She added that the Kartli Wind Farm and the Georgian Post are among the facilities.
As Natia Turnava said the farm’s financial liabilities towards the European Bank for Reconstruction and Development (EBRD) make the privatisation procedures comparatively complex.
We can say the Georgian Post also faces the aforementioned difficulties,” Minister Turnava stated.
In response to a reporter’s question whether the Georgian Railway is planned to be privatised, Turnava said the government has no such plans.
The wind farm has been operating since December 20, 2016.
Its annual capacity is 84.1 mln kWh.
The $34 million USD project was funded by the Georgian Energy Development Fund (GEDF) and the European Bank for Reconstruction and Development (EBRD).
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.
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.
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State-owned Georgian Energy Development Fund (GEDF) is searching for an investor to develop Georgia’s second wind power plant.
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.
A 50-megawatt wind power plant will be built near the village Nigoza in the Gori municipality, which will generate 200 million kilowatt-hours annually, announced Economy Minister Natia Turnava earlier today.
The Ministry of Economy will offer 100 state-owned buildings to investors for privatisation this month, said Georgian Economy Minister Natia Turnava earlier today.
Ministry of Economy and the National Agency of State Property will offer local and international businesses 100 buildings for privatisation tomorrow, announced the Ministry of Economy.