HydroTech Georgia 2015

2 Official event supporter Ministry of Energy Georgia plans big for hydro power 1 Government of Georgia (GOG) has set forth legislative initiative, in order to facilitate sustainable development of Georgia’s rich renewable energy potential. This legislative regulates procedures and rules of Expression of Interest (EOI) for construction, ownership and operation of power plants in Georgia. The Government of Georgia is inviting technically and financially qualified domestic and international developers to invest in its hydropower industry. Less than 25% of an estimated potential 40 billion kWh of economically feasible hydropower has been harnessed in the country. The government’s commitment to private sector led development of this remarkable natural resource, and the availability of outstanding sites combined with strong regional economic growth, means now is the time to invest in Georgian hydropower. 2 Georgia is blessed with enviable water resources that are well suited to hydropower generation. Prefeasibility studies carried out by leading engineering firms reveal sites that are at the forefront globally in their ability to produce energy. Viability is further enhanced by the availability of multiple sites well suited for cascades. When combined with a relatively simple procedure to gain the right to Build, Own and Operate a hydropower plant, it becomes clear that the Georgian hydropower market is a compelling investment proposition. Multiple changes have already been made to stimulate increased commercial activity in the industry. Barriers to market entry have been removed. Tariffs and tariff policies intended to secure the sector’s economic sustainability and enable service providers to achieve cost recovery have been adopted. The use of direct contracts

HydroTech Georgia 2015

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