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Korea seeks to invest $760 mln in Georgia

20 May 2014 09:57 (UTC+04:00)
Korea seeks to invest $760 mln in Georgia

By Jamila Babayeva

Korean Water Resources Corporation is planning to invest in Georgia.

The decision was mentioned during the meeting between Georgian Prime Minister Irakli Garibashvili and the representatives of Korean Water Resources Corporation, the prime minister's press service reported.

The corporation is interested in hydro energy project "Nenskrahes", which is going to be implemented on the river Nenskra, North-West of Georgia, Svaneti region.

President of the corporation Gye Woon Choi presented the project to Garibashvili.

The estimated investment cost of the project is $760 million.

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