Clean Energy Group Georgia is a new corporate member of EUGBC
EUGBC team has grown by another energy company – Clean Energy Group Georgia is a new corporate member of our council.
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.
About company’s project – Namakhvani Hydropower Plant cascade
The 433 MW / 1514 GWh project will be developed by Clean Energy Group Georgia LLC, the company after a transparent and competitive tender process, with 26 companies on the shortlist, three companies submitted bids. After evaluating the bids according to the stated bid criteria, Clean Energy Group Georgia LLC was awarded the right to develop the Namakhvani project.
Construction of 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 in construction. ENKA is currently constructing the USD 500 million BP gas pipeline through Georgia.
Namakhvani Hydropower Plant cascade is crucially important for Georgia to gain energy independence. The plant cascade will significantly contribute to the aim by increasing the country’s electrical generation by approximately 15%, the project will offer improved grid stability and ensure a more stable electricity supply, the construction of the Hydropower Plant Cascade, will create over one thousand jobs during the construction period, with preference given to employing local residents, the project is an opportunity to improve the livelihood of communities affected by the project development, CEGG will contribute tens of millions of Georgian Lari in property taxes to the budgets of the local municipalities. Other positive impacts may come through Corporate Social Responsibility programs in the Imereti region, which will seek to improve the living standards of people living in the project area.
Clean Energy Group Georgia follows IFCs Performance Standards on Environmental and Social Sustainability and EBRDs Performance Requirements where appropriate and seeks to be a leading player in the sphere of Corporate Social Responsibility in Georgia.