On 9th October, Satish Bhat, CEO – Adjaristsqali Georgia LLC, was invited as a speaker at the panel discussion on “Accelerating the Renewable Energy Transition” during an International Conference, Uniting Business Europe, organized by UN Global Compact Network Georgia in Tbilisi, Georgia.
Mr. Satish Bhat joins Adjaristsqali Georgia LLC as Chief Executive Officer to lead the second largest HPP of 187 MW capacity & important player in Georgia’s energy sector.
Mr. Bhat’s vast experience of over 32 years in the power sector encompasses the fields of business development, project development and operations and maintenance. He comes with expertise in renewable business, developing green field solar projects, managing mergers and acquisitions and running group captives. He also has experience in operations and maintenance of thermal, hydro (including pumped-storage plants), DG-based and solar photovoltaic power plants. Mr. Bhat has served as nominee director on the boards of many companies specializing in the area of renewable energy.
Within the Corporate Social Responsibility Strategy, “Adjaristsqali Georgia” announces a school grant competition to promote STEM education in the mountainous Ajara. The purpose of the competition is to raise the level of students’ knowledge in various fields of science, as well as to encourage and interest them to present scientific ideas in the form of a practical, visible work.
Public and private schools of Khulo and Shuakhevi Municipalities are eligible to participate in the competition.
Every year, Adjaristsqali Georgia joins the observance of Earth Day Week. As part of this event, the company’s environmental team carries out a variety of activities, including meetings with schoolchildren in the Shuakhevi HPP area to raise their environmental awareness.
To celebrate Earth Day, the company’s management and supervisory board members visited the Shuakhevi public school.
Prashant Shinde has been appointed as the new Head of Shuakhevi Plant. Mr. Shinde has been working on leading positions in Tata Power, India’s largest integrated power company. for more than 15 years. He has years of experience in working on renewable energy projects such as hydro, solar and wind.
On different stages of his career, Mr. Shinde was responsible for project management of TATA Power solar projects with the capacity of 100 MW and above in Bangalore, as a head of engineers group, he was instrumental in setting up Reliability Centered Maintenance, Community of interest, IOT and advance analytics platforms in Tata power for 10 GW of Generation, Transmission & Distribution business in India.
Currently week we are celebrating World Engineer’s Day! Creating a decent working environment and ensuring high-quality safety measure for each engineer working at Shuakhevi HPP is our top priority.
In the modern world, the decisions made by engineers play a major role in the process of overcoming global challenges and shaping a better, sustainable world.
AGL has appointed Irakli Khabeishvili as the new Chief Financial Officer. Irakli comes to AGL with vast experience in finance from local and international perspectives. He served in executive positions in large multinational companies, including McDonald’s, Archimedes Global, and IRAO-Vienna Insurance Group. Earlier in his career, he served at Deloitte & Touch and Austin Commercial in the US.
“Adjaristsqali Georgia LLC has made the largest investment in the Georgian energy sector. Highly reputable Norwegian and Indian organizations own the company. At the same time, Shuakhevi HPP is funded by leading international financial institutes, and the company complies with the standards of owners and sponsors and is aligned with the best international practices. The electricity generated by Shuakhevi HPP contributes to increasing domestic electricity generation and supports strengthening the country’s energy security. I am honored to become a team member of the leading and one of the successful Georgian energy companies,” – stated Irakli Khabeishvili, CFO at Adjaristsqali Georgia LLC.
The members of the Board of Adjaristsqali Georgia LLC (AGL) met with Georgian Prime Minister Irakli Garibashvili. Prospects of future cooperation were discussed at the meeting.
Adjaristsqali Georgia LLC is the largest investor in the energy sector. The company is owned by Norwegian Clean Energy Invest and India’s Tata Power. The company has finalized the construction of the 187-MW Shuakhevi HPP Cascade, with the project’s total investment value exceeding 550 million USD. Presently, the Shuakhevi HPP boasts the largest installed capacity, next only to the Enguri HPP.
Rakesh Naik, CEO of AGL: ,,I would like to congratulate each representative of this sector on this magnificent day. I especially congratulate the employees of Shuakhevi HPP! It is a great honour for me to work with you. Much success!’’- stated.
Shuakhevi HPP started electricity generation in the beginning of 2020. Within the first part of this year, the HPP has generated 75% more electricity compared to the same period of the last year. As stated in the company, generation of the current year will presumable exceed predicted generation provided Hydrology continues to be good until end of the year.
As of August 12 of 2022, volume of electricity generated by Shuakhevi HPP is 350 GWh. Successful year can be attributed to a combination of factors: hydrology and the fact that the hydro power plant is equipped with modern and high-quality technical machinery well maintained by the O & M team which enabled taking advantage of increased inflow and resulted in more generation.
