Stucky in hydro pact with Doheny for Georgia projects

23 December 2008

Last month Doheny announced it was planning to invest up to US$175M in hydro schemes in Georgia. It anticipates building between four to six plants with combined installed capacity of at least 100MW.

The Switzerland-based consultant is to work with Doheny on developing the run-of-river projects, and the parties are liaising with the Ministry of Energy. Doheny said that its hydro power development plans are strongly backed by the government of Georgia and the US.

In a statement, Stucky said: 'The synergy that will be created by combining the extensive knowledge, expertise and abilities of our two companies will allow us to execute significant new projects and demonstrate our continued commitment to Georgia.'

Georgia has said hydro power development is an economic priority, and Doheny's plans were announced following a US trade mission to the country in late October.

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