EBRD seeks interest for 433 MW Namakhvani HPP Cascade Project in Georgia

The European Bank for Reconstruction and Development (EBRD) has launched a request for expression of interest (RFEOI) for the 433 MW Namakhvani HPP Cascade Project in Georgia.

The proposed project envisages the construction of a hydropower cascade consisting of two plants with a total installed capacity of 433 MW. The project’s total estimated cost equals to US$730 million. The project implementation model will be under the Build-Own-Operate (BOO) model.

The project is located in the Great Caucasus mountainous range in the northwestern area of the country (Tskaltubo and Tsageri municipality area), between the existing Lajanuri and Gumati HPPs, in the Rioni valley. The main city in the project vicinity is Kutaisi, a few tens of kilometers downstream of the production sites.

The project responds to the increasing needs of Georgia for electricity, addressing a growing concern for energy independence of the country. The main objectives of the project are:

• Improve Georgia’s energy security;
• Increase hydro generation capacity and export electricity during summer;
• Use the hydro potential of the Rioni River.

Interested parties must submit their expression of interest on or before 7 April 2016.

See tender documents:

http://energy.gov.ge/show%20news%20mediacenter.php?id=540&lang=eng