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Articles

Gori, One of the Most Attractive Destinations for Wind Energy

Written by: Bridgewest

Gori-One-of-the-Most-Attractive-Destinations-for-Wind-Energy.jpgGeorgia is a state which began to invest in many economic sectors that have a financial potential; foreign investors interested in the business environment available in Georgia should know that there are opportunities to develop a successful company here. At the moment, Georgia began a new project which refers to the construction of the first wind power plant that will function in this state. Foreign businessmen who want to establish a company in Georgia can receive assistance from our Georgian company formation specialists, who can offer a wide range of company incorporation services. 
 

The first wind power plant in Georgia 

 
Georgia established that the construction of the first wind power plant will start this month in the regions of Gori and Kareli. The company which will carry out the construction, Kartli Wind Power, is comprised of the entities: Georgian Energy Development Fund, Georgian Oil and Gas Corporation. 
 
70% of the total costs of the power plant will be provided by the European Bank for Reconstruction and Development (EBRD); the rest of the cost will be paid by the Georgian Energy Development Fund
 
EBRD will invest in this project a sum of $24 million; a representative of EBRD declared that the wind power plant which will be constructed in Gori represents a premiere in this sense for the Caucasus area. At the same time, he declared that Gori is one of the most important regions in the world in terms of wind energy.
 
The wind power plant in Gori will have a total capacity of 20.7 MW, generating 88 million kWh of electric energy; our Georgian company formation specialists can provide you with more details on the power plant. 

 

Gori wind power plant project

 
According to the data presented by EBRD, the total cost of the project will raise to the value of $30 million; the project is located very close to the capital city of Georgia, Tbilisi
 
The wind power plant is expected to produce wind energy in the second quarter of 2016. 
 
If you need further information on the wind power in Georgia, please contact our Georgian company formation specialists for assistance. 
 

Comments

  • Mark 2016-03-04

    I knew that Georgia began several major projects, but I had no idea that it concluded this type of contract wiht EBRD. This is a great news for the Georgian economy, because the wind power plant will influence other local industries.

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