- BGEO Group's utility and energy subsidiary, Georgia Global Utilities, has started construction of Bodorna hydro power plant near Bodorna reservoir, an integral part of the company's water utility infrastructure located approximately 55 kilometres away from Tbilisi.

The 2.5MW plant will have an average annual electricity production capacity of 15 million KW/hours and will be primarily used for GGU's internal consumption, with the excess energy supply sold to third parties.

BGEO said that Bodorna HPP construction would be carried out by local companies and supervised by Swiss engineering company Stucky SA.

GGU has secured long-term credit facilities totalling a combined GEL10m, from the Dutch (FMO) and German (DEG) development banks to finance the construction of Bodorna HPP, which is expected to become fully operational from September 2018.

Story provided by