About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
Georgia Finalizes Deal on Nenskra Hydropower Project
Civil Georgia, Tbilisi / 1 Sep.'15 / 17:35

The Georgian government, South Korea’s K-Water and Italian builder Salini Impregilo signed series of contracts in Tbilisi on August 31 paving the way for the launch of construction of 280MW Nenskra hydro power plant in the mountainous region of Svaneti in northwest of the country.

“Signing of this package of implementation agreements means that all the technical, financial and legal details are now agreed to launch construction of this hydro power plant, which will be the largest one in Georgia since the country’s independence,” said Irakli Kovzanadze, CEO of the Partnership Fund, which controls stakes in major Georgian state-owned enterprises.

Korea Water Resources Corporation (K-Water) is implementing the project based on build-operate-transfer agreement.

The hydropower plant on the Nenskra river in upper Svaneti region with total estimated investment cost of about USD 1 billion will be transferred to the Georgian state after 35 years, Kovzanadze said.

One of Italy’s largest construction companies, Salini Impregilo, has been awarded a USD 575 million contract for the design and construction of the Nenskra hydroelectric project, which will produce 1.2 billion KW per hour annually.

The work, which has to be completed in 5 years, will see construction of a 135-meter high and 820-meter long asphalt face rockfill dam on the upper Nenskra river, creating a reservoir with a capacity of 183 million cubic meters of water. Along with Nenskra river, the reservoir will also capture the flows from Nakra river from where water will be transferred through 12.4 km long tunnel.

It will be a second project for Salini Impregilo in Georgia, which has constructed the 25-km Kutaisi by-pass highway in western region of Imereti.

Contracts signed on August 31 also include terms on purchasing of electricity by the Georgian state-owned Electricity System Commercial Operator and state power dispatcher Georgian State Electrosystem.

Initially Chinese state-owned hydropower engineering and construction company, Sinohydro, started to implement the Nenskra hydropower project in 2012, but it then withdrew and a new deal was negotiated by the Partnership Fund with K-Water.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2019, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.