Georgia to accept bids for hydro plants

27 May 2005


The hydro plants to be privatised are the 48MW Rionid hydroelectric plant, with a charter capital of US$4.05M; the 112MW Gumati Cascade with a charter capital of US$1.08M; the Shaori hydroelectric Plant, with a capacity of 38MW and a capital of US$952,746, and the 16MW Ats plant, with a capital of US$460,649. The Georgian state owns 100 per cent stakes in all these plants.

The tender will also include the 80MW Dzevurli project, with a capital of US$503,634, in which the Georgian state owns a 98.45% stake.




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