DEC. 7 2015 (The Conway Bulletin) — Georgian Water and Power (GWP) said it has started construction of a new hydropower plant near Tbilisi, part of a broader investment package designed to boost Georgia’s electricity generating capacity.
The Saguramo hydropower plant will cost 10.5m lari ($4.38m) to build and be operational by the end of 2016.
Importantly, it will feed its electricity straight into the Tbilisi power system.
And the timing of the start of construction at the Saguramo 4.4 megawatt plant was pertinent.
Only a couple of days earlier, Georgian energy minister Kakha Kaladze told media that he wanted to see a united energy market in the South Caucasus.
“It is logical to create a common energy network with Russia, Armenia and Azerbaijan, which will create a single regional energy market,” media quoted him as saying.
Georgia is deficient in energy and is currently negotiating with Russia to import more gas.
It has unveiled a large hydropower investment plan which at its centre has the much-delayed Nenskra dam in the northwest of Georgia. Nenskra will have a power generating capacity of 280 megawatts and cost $1b to build.