BAKU, Azerbaijan, Sept. 29
Tamilla Mammadova – Trend:
Georgian Oil and Gas Corporation (GOGC) is planning construction of the Gardabani-4 thermal power plant (TPP) in Georgia, Trend reports via the GOGC report.
GOGC prepared a ten-year development plan, which reviews the financial challenges posed by coronavirus pandemic and the devaluation of the national currency.
As of the document, the new TPP is necessary due to the increased electricity consumption.
According to the existing plan, construction work of the facility will start in 2025.
The same document reads that Gardabani-3 is also included in the project, which will be built by the Turkish company Chalik Energy. Its investment value is $174.8 million.
"According to the plan, in order to meet the future demand for electricity, it is planned to start the operation of two additional thermal power plants with installed capacity of approximately 250 MW each by 2023 and 2025, which will replace the old, low efficient hydro power plants", the document reads.
The Georgian government also planned to build a gas storage facility, but they spent KFW loan of 120 million euros on coronavirus pandemic management. Consequently, the source of funding for the gas reservoir is unknown at this stage.
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