• Industry

    Energy and Infrastructure

  • Status


  • Total Investment Size

    US$ 534 M

  • Website


Tskhenistskali Cascade of HPPs

The Tskhenistskali cascade of hydropower plants is a run-of-the-river project consisting of two hydropower plants on the Tskhenistskali river in northern Georgia with a designed and installed capacity of 312 MW. This Greenfield project has an expected annual energy generation of 1,192 GWh.  Its annual output comprises 9.4% of total electricity consumption in Georgia. 

The total investment for the project is US$534M (including the cost of financing).

The project is developed based on a build, own and operate (BOO) structure and has just completed its feasibility study phase, with power generation planned to commence in Q1 2022.

GCF is the sole owner of the project.