GC FUND

  • Industry

    Energy and Infrastructure

  • Status

    Ongoing

  • Total Investment Size

    US$ 142.7 M

  • Website

    www.gcfund.ge

Mtkvari HPP

GCF is the sole owner of Mtkvari HPP, a hydropower plant located on the Mtkvari River in south-western Georgia, with a designed capacity of 53.0 MW and expected annual energy generation of 251.5 GWh.

The total investment required for the project is expected to be US$142.7M (including the cost of financing). The project’s annual generation comprises 2% of Georgia’s total electricity consumption (12.7 TWh in 2016). 

The project is developed based on a build, own and operate (BOO) structure and is currently in the construction phase with power generation planned to commence in Q1 2019.