Tata Power JV Synchronizes 186 MW Georgia Hydro Project In Record Time
Tata Power, through Adjaristsqali Georgia LLC (AGL), its joint venture with Norway's Clean Energy Invest AS Norway (Clean Energy) and IFC InfraVentures (IFC), on Tuesday (22 August) has announced the synchronization of its 186 MW Shuakhevi Hydro Power Project (HPP) in record time.
Further, Tata Power has commenced stabilization procedures to ensure smooth operations. The construction of the plant started in the fall of 2013 and has been synchronized on the 1st and 2nd of August 2017, in a record time of less than four years.
Shuakhevi HPP is the largest hydropower plant to be built in Georgia over the past 50 years, and its project investment cost exceeded $420 million.
Around 730 Georgian citizens were employed in the plant construction. The project will contribute to Georgia's path toward energy independence. 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 and Managing Director, Tata Power, said, "We continue to strengthen our international presence and look for viable business opportunities across the select international geographies."
Prashant Joshi, CEO of AGL, added, "The Shuakhevi Hydropower Project will contribute significantly to energy independence of Georgia."
Shuakhevi HPP will generate about 470GWh of clean energy while lowering greenhouse gases emissions by more than 2, 00,000 tonnes per year.
