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Power Station Sold for US$ 41 mln

The Georgian Economy Ministry has auctioned off its oldest hydropower plant, Zahesi, in outskirts of Tbilisi, for USD 41 million.

A Georgian company, Bonaser Trading Limited, bought the power station at the auction on July 19. The starting price was USD 15 million.

Four other companies, including the Czech Energo-Pro, were bidded for the power station.

In May 2007, Bonaser Trading Limited purchased 74% of state shares in Chkhor hydro power plant in the Samegrelo region for USD 1.5 million and Kinkisha hydro power plant in Adjara for USD 305,000.

This post is also available in: ქართული (Georgian) Русский (Russian)


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