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Eloshvili: We Are Expecting Proposal From Another Investor Linked to Khudoni HPP

We are expecting proposal from another investor linked to the project of Khudoni HPP, – Ilia Eloshvili, minister of Energy declared to the media.

The Minister says that researches are continued on the project and the form of its development will become known in the nearest future.

Company Trans Electrica has a desire to construct the Hydro Power Plant, but implementation of the project cannot start. It has become known in spring, that the government offered Trans Electrica to leave the project.

Several issues cannot be agreed with Trans Electrica Georgia and nobody considers it.

The investor has already spent 32 million USD for Khudon HPP project, cost of 1 billion and at least, the company will demand to return back this sum.

Local population is against the construction of 702 mgwt HPP as well, they are protesting environmental damage and resettlement.

The history of Khudoni HPP project counts 40 years. Construction began in the 80s of the previous century. Protest rallies were also launched immediately. The protest charge was high in Svaneti too. In 2013, with the renewal of the project, protest rallies were renewed as well.