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Nenskra Hydro Started Affected Infrastructure Rehabilitation Works in Chuberi

JSC Nenskra Hydro, Nenskra Hydropower Plant project company, allocated additional funds to restore the disaster-injured infrastructure in village Chuberi, Mestia municipality. The works are concentrated on the area where the disaster completely wiped out the road having left some local population torn away from the rest of the world. All …

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Tchuberi Disaster Covering up Massive Tree Cutting

Nenskra HPP Construction Works Did not Cause Natural Disaster in Svaneti. As a result of landslip and heavy rains on July 5 the river Nenskra overflew the banks and seized several villages, flooded Tchuberi and residential houses, demolished bridges and part of the motorway. Prime Minister Mamuka Bakhtadze has named …

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Special statement of JSC Nenskra Hydro

Special statement of JSC Nenskra Hydro

JSC Nenskra Hydro, the company, which is implementing the Nenskra hydropower plant project, issues a special statement in relation to the TV feature broadcasted by the Rustavi2 broadcasting company. We would like to clarify that the aforesaid story contained several inaccuracies, which can mislead public opinion regarding to the current …

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80% of Local Population Supports Construction of Nenskra HPP

80% of local population back a construction of Nenskra HPP, the Mestia District Governor Kapiton Zhorzholiani told the Business Morning. Local budget revenues have considerably increased, he said. “In 2017 the local budget received 2.2 million GEL from Nenskra HPP project and this amount is of vital importance for Svaneti”, …

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Nenskra Hydropower Plant is a Unique Project for Georgia

Korean K-Water Assists Partnership Fund to Construct Nenskra HPP

“The Partnership Fund” is constructing Nenskra HPP together with a Korean company K-Water in Svaneti, on the Enguri River tributary. Nenskra HPP will start generating electric power in 2019. The project is scheduled to be completed in 2021. Natia Turnava, Deputy CEO of the Partnership Fund talks to “Business Morning” …

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How to Boost Electricity Generation

How to Boost Electricity Generation

Electricity deficit reduction is one of the key challenges before Georgia. Taking into account the fact Georgia mainly buys electricity from Russia, energy security is of crucial importance. Since Georgia does not have sufficient power generation sources, the country imports electricity mainly in winter period. Therefore, hydro engineer Leontina Galdava …

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Natia Turnava: Nenskra HPP Project will Ensure Georgian Energy Security

Nenskra HPP project will make contribution to Georgia’s energy security, Natia Turnava, deputy head of Partnership Fund, told Business Course. Under the agreement with the investor, after 35 years the HPP will be returned to the population of Georgia, she said. “Nenskra HPP is of special importance for Georgian power …

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Workforce Village to Open on Nenskra HPP Territory

Workforce Village to Open on Nenskra HPP Territory

A village for workforce and specialists (a total of 110 persons) will be constructed on the territory of Nenskra hydro power plant (HPP). The  residential zone comprises 5 buildings, including one, two and three-floor residential houses, one guesthouse and storehouse and office buildings. All other required infrastructure will be arranged …

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Foreign Investors Seek to Invest In Georgian Power Sector

Andria Gvidiani

The Association of Young Financiers and Businessmen (AYFB) comments on the preliminary report on IFD inflows that was published by the national statistics service of Georgia. Under the report, investment inflows to the power sector have decreased. The FDI inflows in the sector made up 90 million USD, down 100 …

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Construction of Nenskra HPP Begins

Nenskra HPP

The Partnership Fund has started the construction of the controversial Nenskra Hydropower Plant. The fund, along with the Korean company K-Water, the Georgian government, Commercial Operator of Electro-energetic Systems and JSC Georgia Electric System have signed the implementation agreements package at a meeting at Radisson Blu hotel on August 31. …

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EBRD Allocates about $200m for Nenskra HPP

EBRD Allocates about $200m for Nenskra HPP

The European Bank for Reconstruction and Development (EBRD) is teaming up with a Georgian state-owned shareholding company Partnership Fund (PF) to provide a support in the Nenskra Hydro Power Plant (HPP) project earmarked for the upper Svaneti region.  EBRD President Sir Suma Chakrabarti announced this news today at the EBRD …

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