Development of wind and solar power beginning in Georgia


Minister of Energy is talking about the  development of  solar and wind power stations. A Memorandum on Cooperation in this field was signed on December 18 between the Georgian Energy Ministry and the American company Aeolus Apollo Alto Energy.

From the Georgian side the document will be signed by Energy Minister Kakha Kaladze and from American side by company Director Mukemmel Sarimsakci.

The agreement includes the establishment of a new company , which is a nationwide survey of 400 megawatts of wind and solar power potential - the development of the project. The company "Energy Development Fund" share 15% - defined as "Apollo aelus Alto Energy" - 85 % - up . In the first stage, the technical feasibility of wind and solar power plants - economic study will be carried out , after which construction will be determined for specific sites .

According to the agreement, a new company will be established in Georgia that will implement projects on construction in the country of solar and wind power stations with a capacity of up to 400 megawatts. The Georgian Energy Development Fund's share in the new company will be 15 per cent and Aeolus Apollo Alto Energy 85 per cent. At the first stage, a feasibility study of the construction of the new power plants will be prepared after which the company will proceed to the selection of areas for their construction.

Adapted from Сommersant

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