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Georgia to construct alternative energy stations

19 December 2013 18:27 (UTC+04:00)
Georgia to construct alternative energy stations

By Jamila Babayeva

Georgia plans to construct solar and wind power plants.

A memorandum of cooperation in this field was signed on December18 between the Georgian Energy Ministry and the American company Aeolus Apollo Alto Energy.

From the Georgian side the document was signed by Energy Minister Kakha Kaladze and from American side by company Director Mukemmel Sarimsakci.

In addition, a partnership agreement in alternative and renewable energy was signed between the U.S. Company and the Georgian Energy Development Fund. From the Georgian side the document was signed by the investor and head of the fund Giorgi Bezhuashvili.

The agreement provides establishment a new company in Georgia that will implement projects on construction in the country of solar and wind power plants with a capacity of up to 400 megawatts. The Georgian Energy Development Fund's share in the new company will be 15 percent and Aeolus Apollo Alto Energy 85 percent.

At the initial stage, a feasibility study of the construction of the new power plants will be prepared after which the company will proceed to the selection of areas for their construction.

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