Tata Power Company, through its joint venture company Adjaristsqali Georgia LLC has completed the construction of its 187 MW Shuakhevi Hydro Power Project in Georgia. AGL, a joint venture with Norway's Clean Energy Invest AS and IFC InfraVentures, a member of the World Bank Group, started the construction of the project in 2013.
The Shuakhevi project is the largest hydropower plant to be built in Georgia in the last fifty years, which entails project investment exceeding $420 million.
Anil Sardana, chief executive officer and managing director of Tata Power, said the following,
“It is indeed an important plant as it satisfies Georgia's electricity demand during winter, reducing dependence on imported fuel and increasing renewable energy output. We are grateful to our strategic partners, Clean Energy and IFC InfraVentures, for putting us on a strong footing for this project.”