GC FUND

  • Industry

    Energy and Infrastructure

  • Status

    Ongoing

  • Total Investment Size

    US$ 148 M

  • Website

    www.gcfund.ge

Mtkvari HPP

GCF is the sole owner of Mtkvari HPP, a hydropower plant located on the Mtkvari River in southeast 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$148 million and  the project’s expected annual generation will comprise 1.9% of Georgia’s total electricity consumption (13.5TWh in 2018). 

The project has been planned on a build, own and operate (BOO) structure and is currently in the construction phase with power generation planned to commence in 2021.