Summary of Proposed Investment
Project Number
28985
Company Name
Georgia Urban Energy LLC
Date SPI Disclosed
Apr 4, 2011
Country
Georgia
Industry
Infrastructure
Projected Board Date
Jun 16, 2011
Status
Completed
Sector
Large Hydro - Renewable Energy Generation
Department
Regional Industry INF LAC & EUR
Environmental Category
A - Significant
Previous Events
Approved : Jun 16, 2011
Signed : Jun 22, 2011
Invested : Dec 23, 2011
Project Description
The Project consists of the construction, operation and maintenance of an 87 MW run-of river hydro power plant (“HPP”), on the Paravani River, near the town of Akhalkalaki, Georgia, close to the Turkish border (the Project”). In addition to the power generation facilities, the Project includes a conveyance tunnel of 13.77km and 32 km of 220 kV transmission line to the Akhalskhe substation which connects to the 400/500 kV high voltage Akhalskhe-Borcka transmission line from Georgia to Turkey (the “Black Sea Transmission Project” or “BSTP”). The Project will supply electricity to the Georgian market in the three winter months (expected to be in December, January and February) and export power to the Turkish market in the remaining nine months of the year. Total Project cost is estimated at $156.5 million.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Georgia Urban Enerji Ltd.
Contact: Nodar Kurtanidze
Address: 37d Chavchavadze street, Tbilisi 0162, Georgia
Email address: nodar.kurtanidze@paravanihpp.ge
Tel/Fax: + (99532) 251183
Website address: www.paravanihpp.com
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384E Mail: Webmaster
Local Access of Project Documentation
Copies of the full ESIA report, Non-Technical Summary, Environmental and Social Action Plan, and Stakeholder Engagement Plan will also be made available for review by the general public at the following locations:
- as a hard copy in Georgia Urban Enerji office – 37d Chavchavadze str, Tbilisi, Georgia;
- as a hard copy in SRF Gamma’s Office – 9 Merab Alexidze str, Tbilisi;
- as a hard copy in Aspindza Municipality government office - 3 Tamar Mepe str, Aspindza;
- as a hard copy in Akhaltsikhe Municipality government office - 18 Merab Kostava str, Akhaltsikhe; and,
- as a hard copy in Akhalkalaki Municipality government office - 11 Cherents str, Akhalkalaki.