Korea Hydro & Nuclear Power Co. (KHNP) will promote a hydropower and renewable energy project in Georgia, a country that borders on Russia, Turkey and the Black Sea.
KHNP announced on April 23 that it has concluded a joint development agreement (JDA) with RBI, which has the right to operate a hydropower plant in Tskhenistskali, Georgia, on April 22 (local time).
Under the agreement, KHNP secured an exclusive development right to the Tskhenistskali hydroelectric power project in partnership with RBI.
The project is designed to build and operate a hydroelectric power plant with an annual capacity of 192.5 MW in the Tskhenistskali River, 310 km northwest of Tbilisi, Georgia.
KHNP will carry out the project in a build-own-operate (BOO) method. Ground will be broken for the hydroelectric power in 2021 for completion in 2026.
On the same day, KHNP also signed a memorandum of understanding (MOU) on extensive cooperation for hydropower and renewable energy projects with the government of Georgia.