Georgia Accepts Privatization Bids for Energy Facilities
The Georgian Economy Ministry launched the acceptance of privatization bids for three electricity distribution companies and six hydro power plants on May 16.
USD 119 million is the total initial bidding price of these energy facilities, which include:
The United Energy Distribution Company (UDC) – USD 30 million;
The Ddjara Energy Distribution Company – USD 5 million;
The Kakheti Energy Distribution Company – USD 2 million;
Lajanuri hydro power plant, with total a capacity of 112.5 megawatts – USD 26 million;
Rioni hydro power, plant with a total capacity of 48 megawatts – USD 14 million;
Gumati hydro power, plant with a total capacity of 66.5 megawatts – USD 12 million;
Shaori hydro power plant, with a total capacity of 38.4 megawatts – USD 12 million;
Dzevrula hydro power plant, with a total capacity of 80 megawatts – USD 14 million;
Ats hydro power plant, with a total capacity of 16 megawatts – USD 4 million.
The deadline for accepting privatization bids expires on June 16.
