Tata Power strengthens after JV synchronises Georgia hydro project

Tata Power through Adjaristsqali Georgia LLC (AGL), its joint venture with Norway’s clean energy invest as Norway (Clean Energy) and IFC InfraVentures, a member of the World Bank group, has announced the synchronisation of its 186 MW Shuakhevi Hydro Power Project (HPP) in record time.

Shuakhevi HPP is the largest hydropower plant to be built in Georgia over the past 50 years, and its project investment cost exceeded USD 420 million. The completion ceremony was presided by the Prime Minister of Georgia, Giorgi Kvirikashvili, and the Vice Prime Minister and Energy Minister, Kakha Kaladze.
Around 730 Georgian citizens were employed in the plant construction. The project will significantly contribute to Georgia’s path toward energy independence. The power generated by the project will be exclusively sold within Georgia throughout the winter, which is a period of energy deficit.

Commenting about this development, Anil Sardana, CEO and Managing Director, Tata Power, said, “We are delighted to announce the synchronisation of our Shuakhevi hydro project in a record time. We continue to strengthen our international presence and look for viable business opportunities across the select international geographies. We are grateful to our strategic partners, Clean Energy and IFC InfraVentures, for helping us complete and synchronise this project within the prescribed timeline. We are also happy to announce that we have commenced stabilisation procedures that will ensure uninterrupted power supply”.

Prashant Joshi, CEO of AGL, added, “The Shuakhevi hydropower Project will contribute significantly to energy independence of Georgia. We take this opportunity to thank the Prime Minister, Giorgi Kvirikashvili, and Vice Prime Minister, Minister of Energy of Georgia, Kaladze, and all members of Government of Georgia for their support in harnessing Georgia’s huge hydropower potential.”