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.