Adjaristsqali Georgia (AGL), a joint venture between Tata Power, Norway’s Clean Energy Invest (CEI) and International Finance Corporation (IFC) has announced commercial operation of 178 MW Shuakhevi hydro power project (Shuakhevi HPP) located in southwest Georgia.
Tata Power holds 40% shares in the joint venture. The Shuakhevi HPP is the only project in Georgia’s energy sector which has been funded by financial institutions namely, European Bank of Reconstruction and Development (EBRD), Asian Development Bank (ADB) and IFC, a member of the World Bank Group.
The hydro power project will generate around 450 GWh of clean energy to reduce the emission of greenhouse gases by over 200,000 tonne a year.
The power generated by the project will be exclusively sold within Georgia throughout the winter.
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