Georgia Capital PLC has commissioned the 30 MW first phase of the planned 50 MW Mestiachala hydropower project in Georgia’s Svaneti region. Official opening of the Mestiachala HPP will be on June 28, 2019.
The second phase with a 20 MW capacity is scheduled to be launched in June 2019.
The facility is expected to generate around 171 GWh of electricity per year.
The plant is estimated at a cost of US$1.2 million per MW. Local and international financial institutions have financed 70% of the total amount through debt facilities.
Country updates
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February 09, 2018
EIB approves US$150 million loan for the project
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February 06, 2018
EBRD to finance 280 MW hydropower project in Georgia
The European Bank for Reconstruction and Development (EBRD) has approved financing for the Nenskra Hydropower Plant project. A senior secured loan of up to US$214 million will ...
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January 16, 2018
EBRD to finance rehabiliation of 1320 MW Enguri hydropower plant in Georgia for the fourth time
The European Bank of Reconstruction and Development (EBRD) has announced that it is to finance the modernisation and rehabilitation of the Enguri hydropower plant. With an installed capacity of 1...
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July 04, 2017
Tata Power Company has completed the construction of the project
Tata Power Company has completed the construction of the project. Construction started in fall 2013
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June 07, 2017
The project started with the construction phase
The project started with the construction phase. It is expected to operate its first units by December 2018
