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GeoCarft to Build Zestaponi Wind Power Plant

GeoCarft to Build Zestaponi Wind Power Plant

Zestaponi Wind Power Plant will be built by Georgian Energy Development Fund and company “GeoCarft”.

The share distribution between the shareholders is as follows: JSC “Georgian Energy Development Fund” – 10% and LLC “GeoCarft” – 90%. The first phase of the project development includes preparing of feasibility study of wind power plant at the nearby area of Zestaponi (projected installed capacity – 150 mgwt).

Joint enterprise LLC “Zestaponi Wind Power Plant”, founded by JSC “Georgian Energy Development Fund” and LLC “GeoCraft”, will appeal to Ministry of Georgian Energy to sign co-understanding memorandum in order to prepare the feasibility study.