Georgia is selling its 42-MW Zahesi hydroelectric project in a privatization auction with a starting price of US$15 million. Bids are due July 19.
“We are going to sell 100 percent of the Zahesi station,” said Ilya Gotsiridze, head of the Economic Development Ministry’s Privatization Department.
Georgia has been seeking to privatize its power generating assets for several years in order to improve electricity supply and to end protracted crises in the energy sector. Most power stations and distribution firms are now in the hands of private investors such as Russia’s Unified Energy System and Czech company Energo-pro. (HNN 2/7/07)
Zahesi, also called Avchala, was built on the Kura River near Tbilisi in 1927. Its six turbines now require major maintenance.
A bid application may be obtained from the address below. Bids are due by 5:30 p.m. July 19.
For information, contact Ministry of Economic Development of Georgia, 12 Chanturia Str., VII Floor, Tbilisi 0108 Georgia; (995) 32-998980; Fax: (995) 32-933575; E-mail: firstname.lastname@example.org; Internet: www.privatization.ge.