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Hydropower Resources in Georgia Gives Country Opportunity to develop Cheap, Flexible Renewable Energy Resources

Bjorn Brandtzaeg, the CEO of Clean Energy Group, attended the Belt and Road Forum, a follow-up to the 2015 Silk Road Forum, at Tbilisi’s Biltmore Hotel. Mr. Brandtzaeg is also the CEO of the company’s Georgian subsidiary, Clean Energy Group Georgia, which is planning to construct the Namakhvani Hydropower Plant (HPP) cascade.

This plant, with a capacity of 433 MW / 1514 GWh, will represent one of the largest investments in Georgia’s energy sector.

During the forum, Mr. Brandtzaeg discussed the importance of realizing Georgia’s renewable energy potential to the country’s pursuit of energy independence. He also stressed the importance of constructing transmission lines, developing cross-border transmission capacity with neighboring countries, and Georgia’s geographic advantages in the energy market. He stated, The hydropower resources in Georgia gives the country the opportunity to develop cheap, flexible renewable energy resources and secures energy independence.”

Clean Energy Group Georgia LLC is a privately held renewable energy developer, investor, and long-term asset manager, owned by Clean Energy Group AS of Norway and ENKA İnşaat ve Sanayi A.Ş. of Turkey.