• 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, and its expected annual output will comprise 9.4% of Georgia’s total electricity consumption.

The total investment for the project is US$534M (including the cost of financing) and  the project has been planned on a build, own and operate (BOO) structure and has just completed the feasibility study phase, with power generation planned to commence in 2026.

GCF is the sole owner of the project.