Georgia awards hydro project to Turkey's Kolin Construction

The Georgian government has awarded a $150 million hydropower project to Turkey's Kolin Construction, Tourism Industry and Trading Co. Inc., the Energy Ministry said.

Kolin will build a cascade of four hydropower plants with a minimum total capacity of 105.7 MW on the Tekhuri River in the Samegrelo region of western Georgia, the ministry said. Construction will take four years, the ministry said.

Under ministry rules, investors given hydropower plant concessions agree for 10 years to sell power for domestic consumption only during three months each winter, when the former Soviet republic often experiences shortages, and are free to sell to any customer in Georgia or abroad for the rest of the year.

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