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Tata Power Company Ltd Starts Work On 400 Mw Hydel Project In Georgia-Business Standard

Thursday, 3 Oct 2013 05:58am EDT 

Business Standard reported that Tata Power Company Ltd has commenced construction work for the first phase of its joint venture 400 MW hydro power project in Georgia. The ceremony for construction of the first phase Shuakhevi project, having a generation capacity of 185 MW, was recently performed by Georgian Prime Minister Bidzina Ivanishvili. The hydel project would be jointly developed by Tata Power along with Clean Energy Invest AS, Norway (Clean Energy) and IFC InfraVentures (IFC). Agreement with Clean Energy and IFC was signed earlier this year and the projects are being developed for sale of power primarily to Turkey, Tata Power said in a statement. 

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5:54am EDT