Energo Pro Georgia to invest US493 million in hydro plants, cable project

JSC Energo-Pro Georgia is planning a US$493 million project to build two hydropower plants and a power cable to connect Georgia and Turkey.

JSC Energo-Pro Georgia is a unit of Czech Republic-based Energo-Pro AS.

The hydropower stations, to be built in mountainous western Georgia, will have a combined capacity of about 71 MW and a total value of US$370 million, Bloomberg reported.

Energo-Pro also plans a $123 million electricity line from Georgia to Turkey, reports indicate.

The timeframe for the projects’ construction was not disclosed.

In other news, the EIB recently announced it is lending EUR 20 million (USD25.9 million) to Georgia to finance the completion of rehabilitation of Enguri hydropower plant and Vardnili hydropower cascade.

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