Georgian PM meets Korean company CEO to discuss Nenskra HPP project

Irakli Garibashvili, the Prime Minister of Georgia on Monday met Park Jae-Hyeon, CEO of K-Water Korean corporation, which has made an investment into Nenskra Hydro Power Plant (HPP) in Georgia’s upper Svaneti region.  

 

Garibashvili noted that engagement of the state was “important” in the construction of large HPPs by considering national interests of the country.  

 

“Nenskra HPP is important for the economic development of the country, energy security and energy independence. Acceleration of its construction and timely completion of the project is important”, he said. 

 

Nenskra HPP is one of the largest investment projects, which envisages the construction of an HPP with a capacity of 280 megawatts in the Svaneti region of Georgia. The investment volume of the project is 1.05 billion USD. 

The project kicked off in 2015 and later was suspended due to protests by the local population, citing potential threats to nature.