Newsroom

October 20, 2022

Meeting with Prime Minister of Georgia

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.

September 10, 2022

September 10 is Georgian Power Engineer’s Day!

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.

August 12, 2022

How much electricity did Shuakhevi HPP generate in the first part of this year?

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.

April 20, 2022

Student internship at Shuakhevi HPP to commence

Adjaristsqali Georgia LLC (AGL) announce an internship program at Shuakhevi HPP. As decided by the company’s management, 20 students will have an opportunity to attend an internship in the company on yearly basis.

Within the scope of the internship program, students will be displaced at different locations: powerhouse, dams, intake, they will work under the supervision of electro-mechanical engineers. Students will learn about different aspects of electricity generation, they will be acquainted with working porcedures on high voltage facilities, learn about safety standards and practice, they will be able to apply their knowledge in practice and improve their skills. On successful completion of the internship, the students will receive Internship certificate from AGL.

November 19, 2021

Tron Engebrethsen and Asbjørn Grundt have been appointed as new Directors of the AGL Board

Adjaristsqali Georgia LLC is pleased to announce that Mr Asbjørn Grundt has been appointed as a new Director of the AGL Board.

Mr Asbjørn Grundt has an enormous knowledge of the international Hydropower sector. He has previously been EVP Market Operations and IT and EVP International Hydropower in Statkraft. He has also worked six years in Norsk Hydro’s electricity market operations. Grundt has been chairman of the Board of Directors in SN Power.

Today, Grundt works as SVP in Statkraft heading the unit “Ownership” in Business Area Production following up Statkraft’s ownership interests in the hydropower sector. He is non-exec board member in Agder Energi, Eviny and Skagerak Energi.

November 10, 2021

Company planted 1,500 local tree species

On November 9, 2021 Adjaristqali Georgia LLC planted saplings of 1,500 local tree species in the Skhlata valley, particularly, the Georgian oak, pine and hornbeam. AGL employees participated in tree planting. Overall, the Company has planted around 10,000 local species in the Shuakhevi project area since 2015. AGL will continue reforestation of the area in the coming years.

August 12, 2021

Adjaristsqali Georgia Considers Future Cooperation with Batumi Botanic Garden

AGL CEO Rakesh Naik and Head of CSR Nino Diasamidze held a meeting with the Director of Batumi Botanic Garden Irakli Archaia and discussed possible future cooperation opportunities.

AGL has been cooperating with Batumi Botanic Garden since 2016 when AGL co-financed the construction and development of Goderdzi Alpine Botanic Garden by 100,000USD. The Godzerdzi Alpine Garden has been implemented within the framework of the Lesser Caucasus Alliance Program developed by Mercy Corps.

AGL owns and operates the 187MW Shuakhevi hydropower project. The Company is a leader in the energy sector in terms of delivering CSR activities. The Company has implemented more than 100 projects targeting long-term economic development of the region and increasing the well-being of the local population.

July 25, 2021

GeoStat awarded Adjaristsqali Georgia LLC for successful cooperation

On Sunday, July 25, in regard to National Statistics Day, the National Statistics Office of Georgia awarded Adjaristsqali Georgia LLC as the best company in the nomination of the provider of information. AGL was listed among the 10 best companies in the country and it is the only company in the energy sector that has been awarded for successful cooperation this year.

On its 102 anniversary, the National Statistics Office of Georgia awarded successful and respectful employees, the best business company providers of information as well as international and local partner organizations.

The event was attended by representatives of the Government of Georgia, international organizations, and the business sector.

June 5, 2021

AGL provided funding for business projects

AGL provided funding for social projects of local residents over the course of the community support initiative.

18 small business projects in Village Chanchkhalo and 9 projects in village Kinchauri received funding. Projects vary according to the field of occupation: guesthouses, beekeeping, animal husbandry, etc.

April 8, 2021

Statement of Adjaristsqali Georgia LLC

We have read the feedback on social media on the speech of Norwegian Ambassador in Georgia Helene Sand Andersen at the conference held in regard to the Namakhvani HPP project. The said feedback contains false facts, opinions, and plainly false information which puts Shuakhevi HPP, which is one of the most important investments made in the history of independent Georgia in the energy field, completely in a speculative perspective. It has been more than a year since Shuakhevi HPP started making its important contribution in the process of strengthening the country’s energy independence and cutting down dependence on imported electricity. Since the beginning of 2020, Shuakhevi HPP has been operating without any technical challenges, and the amount of electricity generated throughout the year has already crossed 300 GWh.