...

Namakhvani HPP project - energy project of century, Georgian minister says

Oil&Gas Materials 23 October 2020 12:54 (UTC +04:00)
Namakhvani HPP project -  energy project of  century, Georgian minister says

BAKU, Azerbaijan, October 23

By Tamilla Mammadova – Trend:

The Namakhvani HPP project of Georgia is one of the good examples when such a large-scale construction project can be implemented with the participation of the government, said Minister of Economy and Sustainable Development Natia Turnava, Trend reports via Georgian media.

She got acquainted with the preparatory work for the construction of the Namakhvani HPP.

According to the minister, the Namakhvani HPP project is the energy project of the century.

“This is a very important large hydropower plant with an installed capacity of 430 MW; Large direct foreign investments in the amount of $800 million were made by the Turkish Enka company. But most importantly, this is a very large contribution to the energy security of Georgia, because after completion of construction, almost 12 percent of our consumption will be provided domestically. More importantly, this project brings great employment and prosperity to the local population,” the minister said.

At the moment, the project employs about 370 people. In total, about 1,600 Georgian citizens will be employed in the project of the Namakhvani HPP cascade.

According to Turnava, in addition to energy security and large investments, it is important that the project is implemented against the background of high social responsibility, which the investor has demonstrated in compliance with the best environmental standards.

She said that 3 more hydroelectric power plants with a total installed capacity of 3.72 MW will be commissioned by the end of the year.

---

Follow the author on Twitter: @Mila6197935

Tags:
Latest

Latest