Georgia to Announce Results of Privatization of Energy Facilities

The Georgian Ministry of Economy is expected to announce the results of the privation process of six hydro power plants and three electricity distribution companies in the evening of June 16.

The Economy Ministry said that privatization has triggered ?a huge amount of interest? among potential investors, but the names of those companies which are making bids will be made public only after the deadline expires at 6 pm local time on Friday.

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 Adjara 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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