150 Million USD to be Invested in Tbilisi and Kaspi Wind Power Plants

Georgian Renewable Power Company will invest $ 150 million in the construction of wind power plants in Tbilisi and Kaspi.

As Georgian Renewable Power Company told BMG, their subsidiary JSC Caucasus Wind Company will implement the construction of 54 mgwt wind power plant in Tbilisi and 54 mgwt wind power plant in Kaspi.

Tbilisi Wind Power Plant will generate 171.853 GWh annually, while Kaspi - 211.164 GWh, BM.ge reports.

To note, Georgian Renewable Power Company is a joint-stock company that implements energy projects throughout Georgia. However, 65% of the company is owned by Investment Holding Georgia Capital and 35% - by international company RP Global Austria GmbH.