10m GEL hydro power plant to be built in eastern Georgia
Georgian Water and Powers has commenced the construction of Bodorna hydropower plant (HPP) near Bodorna reservoir, in Georgia’s Dusheti municipality today.
Georgia’s Economy Minister Dimitry Kumsishvili participated in the HPP construction launch ceremony and highlighted that this will be an ecologically clean and so-called “green HPP”, which has a minimal impact on the environment.
A total of 10 million GEL will be invested (about $3.90m/€3.30m*) in the construction of the 2.5MW Bodorna HPP, which will have an average annual electricity production capacity of 15 million KW/hours.
Georgian Water and Powers has secured long-term credit facilities totalling a combined 10 million GEL, from Dutch (FMO) and German (DEG) development banks to finance the construction of the Bodorna HPP.
Bodorna HPP construction will be supervised by Swiss engineering company Stucky SA.
More than 50 people will be employed at construction works.
Bodorna HPP is expected to become fully operational from September 2018.
*Currency conversions reflect the National Bank of Georgia values as of today.