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

26 January 2017 21:36