Norwegian Company to Invest in Hydropower in Georgia

Clean Energy, a renewable energy company based in Lysaker, Norway, plans to invest seven to eight billion krones in building a hydroelectric power plant in Georgia.

The project, expected to be completed in five years’ time, would be the largest Norwegian-led hydro-electric power plant ever built outside the country, at least according to Bjorn Brandtzaeg, Clean Energy’s CEO.

Clean Energy plans to partner with Enka, a Turkish industrial company. The final power plant will have the capacity to produce 1.5 to 1.6 terawatt hours, and have 436 megawatts of installed capacity.      

By Nino Gugunishvili