The Shuakhevi hydropower plant project, Georgia
Publisher: CEE Bankwatch Network
Volume: 2 pages, pdf
Description:
In order to justify the project, the Environmental and Social Impact Assessment provides several subchapters1 that conclude that “the project will bring significant benefits to the Adjara region and electricity consumers in Georgia” and that failing to realize the project will be “a lost opportunity”. The contract for the Shuakhevi HPP project is the only contract for a hydropower project in Georgia where the most important articles e.g. related to obligations of the state and the company on electricity tariffs, economic profitability and so on, are kept confidential. The project uses a Build – Operate – Own scheme, so it is not clear how the income will end up in the state budget instead of benefiting the Norwegian company.