Georgia's Hydropower for Turkey
Published on by Water Network Research, Official research team of The Water Network in Business
Turkish Conglomerate Anadolu Group Held an Official Inauguration Ceremony for a Hydroelectric Power Plant on the Paravani River in Georgia that Will Help Turkey Meet Some of Its Electricity Needs
Construction of the plant was completed in four years, and it is the largest sustainable energy project in the history of Georgia. With an installed capacity of 85 megawatts (MW), the plant is expected to generate 410 million kilowatts (kW) per year, which would meet the annual electricity needs of 160,000 people.
The plant -- located 25 kilometers from the border between Turkey and Georgia -- will serve the energy needs of both countries. For nine months out of the year the plant will provide electricity to Turkey; the electricity generated in the remaining three months will stay in Georgia.
The total cost of the project to Anadolu Group was $185 million, $115 million of which was financed by international financial institutions, said head of the conglomerate Tuncay Özilhan, who made a speech during the inauguration underlining that the project is the first plant of its kind established abroad by a Turkish company.
In addition to Özilhan, Georgian Prime Minister Irakli Garibashvili, Georgian Energy Minister Kakha Kaladze and Turkish Energy and Natural Resources Minister Taner Yıldız attended the opening.
Speaking at the ceremony, Özilhan said Anadolu Group has made investments in Georgia worth $350 million, including the Paravani hydroelectric project.
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