New hydro plant is coming up in Dariali Gorge
02 June, 2011
New hydro plant is coming up in Dariali Gorge

Georgian energy sector goes ahead with implementation of Hydro Power Plant development project aimed at having about 30 new HPPs in Georgia by 2018 that will enhance the energy export potential of Georgia.

An agreement was signed between the government of Georgia and company Dariali Energy on May 19, 2011 on construction of a new Hydro Power Plant (HPP) in Georgian highlands of Kazbegi, Mtskheta-Mtianeti Region, on the river Tergi  - one of the powerful rivers of Georgia.

The nameplate rating of

the Dariali hydro power plant will be 109 megawatt (mgw) and about USD 135 million is supposed to be invested in the project. Dariali Energy is founded by Georgian Peri LLC, construction company and the US-based Robins, one of the famous producers of tunnel digging machinery, Aleksandre Khetaguri, Minister of Energy and Natural Resources of Georgia, said during the presentation event.

Representatives of the Embassy of USA to Georgia, LTD “Electricity System Commercial Operator” and LTD “Energotrans” attended the signing event.

Construction works will start in October of 2011 and will end by end of 2014 tentatively. However Lasha Iordanishvili, Director General of Dariali Energy, hopes to get through construction works even by end of 2013 if everything goes smooth. Construction of the tunnel is scheduled to launch this year and the American Robins will be implementing all tunnel-related works.

The Dariali HPP project is supposed to revive social-economic picture in Kazbegi, a difficult mountainous landscape bordering with Russia. The Dariali HPP generated electricity will be consumed in winter locally and exported in summer, Khetaguri said.

“It will create jobs and improve social-economic situation in Kazbegi,” he said.

According to him, the HPP construction campaign goes on in scheduled timetables. Construction works on seven new HPPs  that started in 2009 are underway, construction of five HPPs starts this year. There will be 16 new HPPs in Georgia by 2015. All in all the number will increase to 30 by 2018. And as far as the Black Sea Transmission line been under construction works at the moment is supposed to be put into operation by 2012 Georgia will be exporting electricity to Turkey and even farther to Syria, Iraq and Balkan countries.

Georgia is electricity exporter starting 2007 and government supports construction of HPPs to expand the export potential. Georgia has about 40 billion kwt/h of potential electricity and only 18-20% [about 8 billion kwt/h] is utilized by today.  On the other hand Europe has completely utilized its HPP potential, Revaz Arveladze, President of Georgian Energy Academy, said. Therefore Georgian energy sector is attractive to foreign investors. However, the much trumpeted export potential of Georgia seems over-estimated in a long run perspective.

According to Arveladze, Georgia has excessive electricity at the moment because Georgian economy is underdeveloped.  If Georgian economy develops on the level of European economy in 30 years it will face deficit in electricity supply specifically during winter and will completely consume this 40 billion kwt/h of estimated electricity potential, and will implement export only during summer and development of alternative energy sources will be put on the agenda.

Other Stories
Everything of comfortable life in one space – Second part of construction of one of the largest apartment complexes finished in Tbilisi
Apartment in ecologically clean environment, thousands of square meters of green yard, swimming pools, places for various sports activities, treks for walking and running, commercial spaces – all these available in one space is not a fantasy.
Batumi awarded Europe's Leading Emerging Tourism Destination 2019
World Travel Awards Europe Gala Ceremony 2019 took place on the 8th of June in Madeira, Portugal.
Coca Cola to open new factory in Georgia, will hire female drivers
Coca Cola is opening new factory in Georgia in December.
World's best party supply company now on the Georgian market
The largest party supply store in Georgia - MyDay is launching as the official distributor of AMSCAN from 2019.
Live as a marketing tool and an unprecedented live stream launched by Livetag
Sharing information has become smoother and more versatile in today’s technological world. Recently, live streaming, an online streaming media has become especially popular.
Theme and program of Caspian Energy Forum Tbilisi – 2019 changed
“The 8th International Caspian Energy Forum Tbilisi – 2019, scheduled for June 21, will focus on the development of the Azerbaijan-Georgia relations in the field of economy and energy”,
Misunderstanding over Poti deep sea ports
There was misunderstanding around deep sea ports in Georgia – in Poti.
High demand for dollars or the investment decline – Why Georgian Lari depreciates
$1 equals GEL 2,7470 in the official rate set by the National Bank of Georgia (NBG).
PSP Group confirms negotiations regarding purchasing of GEO Hospitals
PSP Group confirms negotiations regarding purchasing of GEO Hospitals.
New life to be given to Dashbashi Canyon
Georgia’s Agency of Protected Areas is planning to give new life to Dashbashi Canyon in Tsalka (southeastern Georgia).
Who is constructing “Khadori 3” Hydropower Plant in Pankisi Gorge?
Clashes broke out in Pankisi Gorge, Georgia’s northeastern region between special forces and residents
Business Positive – Successful radio program from Radio Positive
Starting point of radio program Business Positive is to meet interesting people, communicate with them and deliver information that is interesting for the audience.
A factory of electric vehicles to be built in Kutaisi
Prime Minister Mamuka Bakhtadze stated that a factory of electric vehicles will be built in Kutaisi at the presentation of the Aigroup business group.
Qvevri-shaped hotel complex to be built in Telavi
A Qvevri-shaped hotel complex is scheduled to be built in the village of Shalauri in Telavi, Kakheti (east part of Georgia).
Georgian designers presented at Fashion World Tokyo 2019
The products of 11 Georgian designers are showcased at Fashion World Tokyo 2019,
Silknet raises $200 million in Eurobond issue
27 March 2019 - JSC Silknet (“Silknet”), one of Georgia’s leading telecommunications operators, has successfully priced a debut $200 million 5-year 11% senior unsecured bonds issue (the “Notes”).
Pistachio trees will be planted in Georgia
Dozens of hectares of Pistachio are planned to be planted in Georgia this year.
Toyota Safety Sense and Hybrid Technology
Toyota Caucasus, has presented two new models the 5th generation RAV4 and the 12th generation Corolla at Rustavi International Motorpark, several days ago.
Bidzina Ivanishvili “became number one oppressor of businesses in Georgia” - ICC Georgia chairman Fady Asly
Mr. Ivanishvili promised the business community to protect them from harassment and pressure, unfortunately his words died with the sunset of that day
The best brands of Belarus will be exhibited on a large-scale exposition in Tbilisi
"The Belarusians like to come to Georgia to relax near the sea in Batumi as well as to stay in sunny Kakhetia."
Don’t treat business like a hooker! - Georgian businessman Vasil Soprpmadze addresses politicians
Businessman Vasil Sopromadze, founder of the company "Fresco", addresses politicians
RAV4 No Compromise and Corolla Set to Impress – Two New Cars Presented by Toyota
Toyota Caucasus, the company constantly aspiring to greatness, has presented two new models the 5th generation RAV4 and the 12th generation Corolla.
Mamuka Khazaradze quits TBC bank, does not sell the TBC Bank share
I made a decision to leave TBC bank where I spent 27 years of my life
10 Reasons to buy an apartment in the suburbs
There is a tendency for Tbilisi dwellers to move from central parts of the capital to the suburbs.
Georgian citizens are granted the right to work in France
The French Embassy in Georgia made remarks on granting Georgian citizens the right to work in France
GEL Exchange Rate
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
July 2019
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31