PM announces plans to complete suspended hydro power plants, new energy infrastructure
More than $1 billion will be spent on completing suspended hydro power plant projects across Georgia to activate 800 megawatts of supply, while the Government will also announce a tender for the construction of new energy facilities adding 1,500 MW of generation. Photo: PM's press office
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More than $1 billion will be spent on completing suspended hydro power plant projects across Georgia to activate 800 megawatts of supply, while the Government will also announce a tender for the construction of new energy facilities adding 1,500 MW of generation, Prime Minister Irakli Garibashvili announced at the Government meeting on Monday.
Garibashvili told the meeting the former plan would complete facilities that had been suspended “for the last five years”, with talks held with the International Monetary Fund for the purpose.
He also revealed the Government would launch the tender for the new energy infrastructure by the end of the year, with a “direct investment” of $2.5 billion, adding the main focus would be on hydroelectric, wind and solar plants.
"In parallel with the construction of hydroelectric power plants, we are also working on creating additional capacity and are planning to build a thermal plant to obtain an additional 600 megawatts of capacity”, he said, noting the complete investment would reach about $3-4 billion over the next two or three years.
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