Clean Energy Group CEO Bjorn Brandtzaeg will attend the Belt and Road Forum, a follow-up to the 2015 Silk Road Forum.
Norway’s Clean Energy Group, in partnership with Turkey’s ENKA, is planning to construct the Namakhvani Hydropower Plant (HPP) cascade, which will be one of Georgia’s largest energy sector investments and play a crucial role in the sustainability of the Georgian energy system.
Construction of 433 MW / 1514 GWh Namakhvani Hydropower Plant cascade is planned to start in 2018 under an Engineering, Procurement and Construction (EPC) contract with ENKA, a leading Turkish engineering & construction company, with extensive international experience. ENKA is currently constructing part of the USD 500 million BP gas pipeline through Georgia.
Namakhvani Hydropower Plant cascade is crucially important for Georgia to gain energy independence. The project will be increasing the country’s electrical generation by approximately 15%.
The substantial reservoir capacity of the project will improve the energy security of Georgia and enhance electricity system stability. The project is expected to create up to 3000 jobs during construction with preference given to employing local residents. The project will also help meet Georgia’s commitments under the Paris Accord by reducing the CO2 emissions by approximately 750,000 tonnes per year.
Bjorn Brandtzaeg will participate in the energy panel. Fatih Guven, Director of international power investments of ENKA will also attend the forum.