Nenskra Hydropower Project - Report Disclosure Process Continues

Press Release

Nenskra Hydropower Project company JSC Nenskra Hydro continues the disclosure process of its Environmental and Social Impact Assessment (ESIA) Report.

The results of supplementary studies, on which the report is based, were disclosed in March 2017. The entire package of the documents is available online both in Georgian and English languages on the company’s website. Furthermore, hard copies of all 10 volumes of the report are available for all the stakeholders at the company’s office in Tbilisi, at the special informational centers in the villages of Chuberi and Nakra in Mestia municipality, as well as the Mestia municipality office. 

The report comprises of supplementary studies carried out in accordance to the high standards of the International Financial Institutions, such as EBRD (European Bank for Reconstruction and Development), ADB (Asian Development Bank), EIB (European Investment Bank), KDB (Korean Development Bank), SACE (Italian Export Credit Agency) and AIIB (Asian Infrastructure Investment Bank). 

It's worth noting that the Nenskra Hydropower Project aims to take into consideration the needs and interests of the local population of both the Nenskra and Nakra valleys: there is absolutely planned resettlement of the local popultation to be carried out; on the contrary, the project aims to employ a large number of the locals. In addition to this, a special Community Investment Strategy was created, that aims to invest into infrastructural, agricultural, educational and other sectors in the valleys.

The ESIA report disclosure process will continue for another several month.

“During this period of time our first priority is to inform the local population of the Nenskra and Nakra valleys on the findings of the report, as well as the planned mitigation measures. A team that is made up of specialists, as well as external experts are working to make this happen. We have already carried out around 20 meetings with the local population in both valleys, in the form of community meetings, public hearings and even individual meetings when deemed necessary. During the meetings, we do our best to give comprehensive answers to all questions. At the same time, we keep track of all the comments from the local population, in order to take them into consideration during the project implementation process”, JSC Nenskra Hydro Chief Operations Officer, Mr. Teimuraz Kopadze said. 

JSC Nenskra Hydro is a special purpose project established in Georgia in 2015 as a result of cooperation between South Korean state company K-Water and JSC Partnership Fund. The purpose of the company is to construct a Nenskra Hydropower Plant in Nenskra and Nakra rivers’ valleys in Mestia Municipality of the Svaneti region. The power plant will generate 1.2 GWh of electricity, which will be fully utilized by the local population.