According to the memorandum of understanding (MoU), within a year, Headwall Power International will carry out a feasibility study in Gardabani region, western Georgia.
The company will prepare an environmental impact assessment report and submit a proposal for construction and operation of the future PV plant to the Ministry of Energy.
“For several years, Georgian citizens have been dealing with problems regarding energy supply,” Georgia’s minister of Energy Kakha Kaladze said at the MoU signing ceremony last week. “Independent Georgia has never been independent in terms of energy. It is time for a revolutionary change in our energy sector. Sun, wind and water – these are the resources that we can use to their full potential, in order to develop safe and independent energy sector.”
The PV plant in Gardabani region is expected to reach the capacity of 50 MW and generate 120 GWh annually. According to the Ministry of Energy, the project represents a total investment of US$120 million.