IBEF: March 30, 2020
Adjaristsqali Georgia LLC (AGL), a joint venture between Tata Power, Norway’s Clean Energy Invest (CEI) and International Finance Corporation (IFC), commenced the commercial operation of the 178 MW Shuakhevi Hydro Power Project located in southwest Georgia. The company holds 40 per cent stake in the joint venture.
This project will generate around 450 GWh of clean energy leading to reduction of the emission of greenhouse gases by more than 200,000 tonne a year. The successful completion and start of commercial operations are considered crucial for the integrity, security and energy independence of Georgia, Tata Power said in a regulatory filing.
This generated power will be sold within Georgia throughout the winter, which is a period of energy deficit in that country.
The Shuakhevi HPP is funded by European Bank of Reconstruction and Development (EBRD), Asian Development Bank (ADB) and IFC, a member of the World Bank Group, it added.
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