Sunday 17 May 2015

Georgia signs deal for first wind farm

Georgia signs deal for first wind farm

Georgia is preparing to build the nation’s first wind farm as it signed an initial agreement with a London-based bank.

The Government of Georgia and the European Bank for Reconstruction and Development (EBRD) signed a letter to work together on the project.

The EBRD is considering providing up to $25 million (£16m) for the wind power plant in Gori, a city in eastern Georgia. The wind farm will have a capacity of 20MW and is expected to generated 85GWh.

The total estimated cost of the project is $35 million (£22m).

Kakha Kaladze, Georgia’s Deputy Prime Minister and Minister of Energy said: “The Gori WPP will support the government’s strategy to foster low carbon generation and cover the country’s seasonal demand in the winter period.”

The EBRD has invested more than €2.6 million (£1.9m) in Georgia’s economy – 20% of which has been in energy.

Written by

Bruna Pinhoni

Trending Articles