Georgia Energy Minister Alexander Khetaguri signed an agreement April 10 with Turkey’s Anadolu Group to construct the 78-MW Paravani hydroelectric project on Georgia’s Paravani River.
Andalou Endustri Holding and Britain’s Energon International signed a letter of intent in late 2008 to build the US$140 million hydroelectric project in the Samtskhe/Javakheti Region of Georgia. (HNN 12/8/08) At that time, Anadolu’s parent company, Yazicilar Holding, said the hydro plant would have annual production of about 420 kilowatt-hours.
Under the agreement, Anadolu Endustri is to have a 51 percent stake in the project, while Energon International holds 49 percent.
Attending the signing ceremony, Georgia President Mikheil Saakashvili said the event is a critical moment in the Georgia economy.
�After many years’ preparatory work, since the construction of Enguri hydroelectric station, no hydroelectric station has been built in Georgia,� Saakashvili said. �By today’s signature, in the nearest future we are starting a full-scale construction work of the first large hydroelectric station built in Georgia.�
The president said further development of the energy sector is planned.
�In four years coming, the Georgian government and I are planning to build new scale hydro resources that will be as large as Enguri hydroelectric station,� he said. �This means that Georgia will once and forever solve the energy security issues.�
Russian international power developer Inter RAO UES announced in January it signed a memorandum of understanding with Georgia officials to cooperate in the operation of 1,250-MW Enguri Dam. (HNN 1/13/09) Enguri is located on the Enguri River, which divides Georgia from its breakaway province of Abkhazia.
In August 2008, Russian troops and forces from the province of Abkhazia occupied Enguri as part of an invasion of Russian troops into Georgian territory.