New hydroelectric power stations to be built in Georgia
Georgia, Tbilisi, Jan. 26 / Trend N. Kirtzkahlia /
The Energy Ministry will open newly built hydroelectric power stations in Georgia starting in February, Georgian Energy and Natural Resources Minister Alexander Khetaguri told media in Davos today.
Nine hydroelectric power stations are under construction with a total capacity of 400 MW in the country. Georgia, the U.S, China, Turkey and the EU are involved in their construction. The total construction cost of the hydroelectric power stations is $1 billion.
The agreement was signed to build 15 new hydroelectric power stations by 2015 within the participation of a Georgian delegation led by Prime Minister Nika Gilauri at the World Economic Forum with investors.
Moreover, six new high-voltage power lines will be commissioned in the country by 2015. The construction of a number of them has already begun.
Khetaguri added that the new transmission lines are designed to export Georgian electric power to neighboring and European countries.
Over $4 billion of Georgian and foreign investments will be made in the Georgian energy sector, he said.