DEC. 7 2015 (The Conway Bulletin) — Georgian Water and Power (GWP) said it has started construction of a new hydropower plant near Tbilisi, part of a broader investment package designed to boost Georgia’s electricity generating capacity.
The Saguramo hydropower plant will cost 10.5m lari ($4.38m) to build and be operational by the end of 2016.
Importantly, it will feed its electricity straight into the Tbilisi power system.
And the timing of the start of construction at the Saguramo 4.4 megawatt plant was pertinent.
Only a couple of days earlier, Georgian energy minister Kakha Kaladze told media that he wanted to see a united energy market in the South Caucasus.
Georgia is deficient in energy and is currently negotiating with Russia to import more gas.
It has unveiled a large hydropower investment plan which at its centre has the much-delayed Nenskra dam in the northwest of Georgia. Nenskra will have a power generating capacity of 280 megawatts and cost $1b to build.
But Mr Kaladze appeared to suggest that he wanted to hedge his bets and develop a pan-South Caucasus energy market that also included Turkey and Russia.
“Taking into account existing and future projects, it is possible to connect the energy system of the South Caucasus and Georgia will be an energy bridge, ensuring the growth of exchange and trading of electricity,” he said.
So far, though, there has been a less than ecstatic response from the rest of the region, unsurprisingly given the fraught nature of most of the neighbours’ relations.
ENDS
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(News report from Issue No. 260, published on Dec. 11 2015)