AGL has appointed Irakli Khabeishvili as the new Chief Financial Officer. Irakli comes to AGL with v...
Shuakhevi Hydropower Project is being developed by a Georgian company Adjaristsqali Georgia LLC, a consortium of Clean Energy Invest AS and Tata Power. The company was set up for the construction and operation of the Shuakhevi Hydropower Project on Adjaristsqali river and its tributaries in Ajara region, Georgia. Development of the 187 MW Shuakhevi HPP project started in 2013, the HPP totally generates about 450 GWh of clean energy while reducing the emission of greenhouse gases emissions by more than 200,000 tons per year. Commercial operation of the Shuakhevi HPP started in March 2020.
The Shuakhevi project plays an important role to achieve the broader objective of Georgia to develop its hydropower potential and thereby achieve energy independence and security. The investment has had a positive impact on strengthening Georgia’s energy sector while contributing significantly towards generating job opportunities for local communities. AGL has established high standards for corporate governance and business conduct. The joint objective of the sponsors is to develop a sustainable project from environmental, social and economic perspective benefiting all stakeholders. Read More
Adjaristsqali Georgia LLC is a special purpose vehicle set up to develop the hydropower resources on the Adjaristsqali River and its tributaries, in the Autonomous Republic of Adjara, in South Western Georgia. AGL is a joint venture between India’s Tata Power and Norway's Clean Energy Invest, and IFC, a member of the World Bank Group. IFC has supported the project since its early development, through IFC InfraVentures, which is an early stage project developer launched by IFC.
#1 I.Abashidze str. Batumi, Georgia
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