Partnership Fund has become a stakeholder in Nenskra Hydro. Representatives of Partnership Fund management and K-Water design company held a working meeting.
Namely, Partnership Fund has bought 20 000 shares of Nenskra HPP, that is about 10% stake in the project.
At the meeting the parties signed official document on transmitting Nenskra Hydro shares to JSC Partnership Fund. The document was signed by Natia Turnava, deputy executive director of Partnership Fund and Nenskra Hydro director general Buong Seub Choi.
At the meeting the parties discussed Nenska HPP construction process and the project implementation details. The parties agreed to accelerate the project implementation process.
Nenskra HPP with 280 megawatt power is being constructed by Korean company K-water in Svaneti. Potential annual generation is 1 200 gigawatt/hours. The HPP will launch power generation in 2019, while project implementation will end in 2021.
Total value of the project is 1 billion USD