US company, Georgian Ministry of Economy sign agreement to build Bakhvi 1 HPP in Guria

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 activities of Cerberus Frontier in Georgia are very important for us, as it develops several small hydropower plants and has a very interesting portfolio..this is a new investment in green energy at a time when the whole world, including Georgia, is fighting against Covid-19...this is another successful example of our economic cooperation with an American company”, Turnava said.

The project details of Bakhvi 1 published by the Ministry of Energy of Georgia read that the installed capacity of Bakhvi 1 will be 12 MW, while the average annual generation should be 78.2 GW/h. The construction cost is $27 million and the construction period is three years.

Turnava said that the new project will create 50 jobs in Georgia.