New investors in the Georgian energy sector
By Messenger Staff
Friday, May 17New investors have appeared in the Georgian energy sector. The India-based TATA group together with Norwegian Clean Energy will build four hydroelectric stations in Adjara at Shuakhevi, Koromkheti, Khertvisi and Skhalta. During the next three years the two companies will spend around $400 million on this project. The first power station will be opened in the summer of 2016. Electricity produced by these power stations will satisfy local consumers' demands and will be also exported in winter. The main destination will be Turkey, which currently has a large energy deficit. However the final decisions about constructing the huge hydroelectric power stations have not yet been made.