Shuakhevi 187MW hydroelectric power plant

15/4/2015
Project development, Project finance

$ 300 million

Announced

15/4/2015


Overview:

  • Shuakhevi 187MW hydroelectric power plant.
  • The project is being constructed on the Adjaristskali river in the Adjara region in Georgia.
  • The project is being developed by project company Adjaristsqali Georgia (AGL) an SPV owned by sponsors Tata Power, Clean Energy Invest and IFC.
  • The financing is being provided by the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC), with the IFC acting as arranger.
  • The project will allow the country to export electricity to Turkey through the 400kV Akhalskhe-Borcka transmission line.
  • The project also represents the first phase of the wider Adjaristsqali Cascade hydropower project, which also includes three other power plants Koromkheti (150MW), Khertvisi (65MW) and Skhalta (10MW).

Sam Duke - Editor

Jurisdiction:

Georgia

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy


Firms:

Party: Asian Development Bank (Lender)

Party: European Bank for Reconstruction and Development (EBRD) (Lender)

Party: International Finance Corporation (IFC) (Lender)


Party: Tata Group (Joint venture partner)

Party: Adjaristkali Georgia (Project company)

Party: Clean Energy Invest (Joint venture partner)


Party: Asian Development Bank (Lender)

Party: European Bank for Reconstruction and Development (EBRD) (Lender)

Party: International Finance Corporation (IFC) (Lender)


Party: Adjaristsqali Georgia (Project company)

Lawyer: Kelly Malone