Georgia auctions 130-MW Zhinvali project

Georgia is inviting expressions of interest from foreign firms to privatize the state-owned 130-MW Zhinvali hydroelectric project and the related Tbilisi and Mtskheta Water Supply Systems. Responses are due September 20.

Zhinvali (also spelled Jinvali), north of the capital, is one of numerous power generating assets to be privatized so Georgia can improve supply and end a drawn-out energy crisis. Boneser Trading outbid Czech power company Energo-pro at a July 19 privatization auction for Georgia’s oldest hydropower plant, 42-MW Zahesi. (HNN 7/23/07)

“The Ministry (of Economic Development) and Tbilisi City Hall jointly invite potential investors to submit their bids to buy Tbilisi Water and Zhinvali plant,” said Natia Kukuladze, a representative of Tbilisi Water.

Expressions of interest are to include a proposed purchase price and a development plan indicating amount and timeline of intended investments in the project.

Kukuladze said Zhinvali, which belongs to Tbilisi Water, has installed capacity of 130 MW, but currently is generating no more than 75 MW. Additionally, Georgia officials say Tbilisi Water needs several hundred million dollars of investment so it can supply water for a full 24 hours to all residents of the capital.

Expressions of interest are due by 5 p.m. September 20 to David Chkareuli, Ministry of Economic Development of Georgia, 7th Floor, 12 Chanturia St., Tbilisi 0108 Georgia; (995) 77-222405.

For information, contact Natia Kukuladze, Tbilisi Water LLC, Tbilisi, Georgia; (995) 77-484040; E-mail: nkukuladze@tbilisiwater.com.

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