Tata Power has announced, the completion of construction of its 187 megawatts (MW) Shuakhevi Hydro Power Project (HPP) on Monday (3 July), in a statement. The project has been completed at an investment cost of over $420 million.
The construction of the plant started in the fall of 2013. It will generate about 470 gigawatt hours (GWh) of clean energy while lowering greenhouse gases emissions by over 200,000 tons per year, claims the company.
The power generated by the project will be exclusively sold within Georgia throughout the winter which is a period of energy deficit.
Anil Sardana, CEO & Managing Dierctor, Tata Power, said, "It is indeed an important plant as it satisfies Georgia's electricity demand during winter, reducing dependence on imported fuel and increasing renewable energy output."
Prashant Joshi, CEO of Adjaristsqali Georgia, added, "The Shuakhevi Hydro Power Project will contribute significantly to energy independence of Georgia. We are supporting the strengthening of the energy sector with professional staff. Almost 90 per cent of the company's employees are young Georgian engineers."
Adjaristsqali Georgia is Tata Power's joint venture with Norway's Clean Energy Invest and IFC InfraVentures, a member of the World Bank Group.