Privatization of Energy Facilities Triggers ‘Huge Interest’

The privatization process of Georgia’s three electricity distribution companies and six hydro power plants has triggered “a huge amount of interest” among potential investors, according to the Georgian Economy Ministry.

The deadline for submitting bids expires on June 16.

The Economy Ministry said that the names of those companies which make bids will be made public only after the deadline expires.

USD 119 million is the total initial bidding price for 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 a total 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.

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