US company to build Bakhvi 1 HPP in Guria, Georgia
The installed capacity of Bakhvi 1 is planned to be 12 MW, while the average annual generation should be 78.2 GW/h. Photo: Bakhvi Hydro Power/Facebook.
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US company Cerberus Frontier will construct a small hydropower plant, Bakhvi 1, in the Guria region of Georgia, announced Georgian Economy Minister Natia Turnava today.
This will be the US company's fifth project in Georgia", said Turnava, who added that today's government meeting discussed and approved the construction of Bakhvi 1 hydropower plant in Guria.
The project details of Bakhvi 1 published by the Ministry of Energy of Georgia reads that the installed capacity of Bakhvi 1 is planned to be 12 MW, while the average annual generation should be 78.2 GW/h. Construction cost is $27 million and the construction period is three years.
Turnava said that the interest of the US company in investing in Georgia proves that the investment environment is attractive for foreign investors.
Turnava promises that "we will do our best to move the project from the studying phase to the actual construction phase".
One of the largest Japanese energy companies, TEPCO Renewable Power (TEPCO RP), has acquired 31.4% of the shares of Georgian hydropower company Dariali Energy. This is TEPCO RP's second investment in a hydropower project overseas.
Georgia is reducing dependence on imported energy by increasing domestic electricity production thanks to the Shuakhevi hydropower plant project which is being developed in Adjara region. The Shuakhevi HPP will generate 450 gigawatt (GW) hours of clean energy annually while reducing greenhouse gas emissions by more than 200,000 tonnes per year.
55 people, including 38 police officers and 17 civilians, were injured during a clash in the country’s Muslim-populated Pankisi Gorge earlier today, where locals opposed the construction of a small hydropower plant.
A new Hydro Power Plant (HPP) will be built in northern Georgia to increase the country’s power generation.
The Human Rights and Monitoring Center (EMC) has appealed the decision to build a hydro power plant in Guria in Tbilisi City Court.
US company Cerberus Frontier will construct a small hydropower plant, to be named Bakhvi 1, in the Guria region of Georgia, announced Georgian Economy Minister Natia Turnava today.
The Namakhvani hydroelectric power plant (HPP) being built in the Tskaltubo municipality will provide Georgia with 12% of its electric energy needs once completed, Economy Minister Natia Turnava said earlier today while visiting the site.
More than €10 million will be allocated for various projects in energy, health and food safety thanks to a new deal signed between the International Atomic Energy Agency and the Agency of Nuclear and Radiation Safety of Georgia.