/ Tata Power Completes Hydro Project In Georgia ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 3 July 2017


Tata Power through Adjaristsqali Georgia LLC (AGL), its JV with Norway’s Clean Energy Invest AS Norway and IFC InfraVentures announced on Monday that it has completed construction of 187 MW Shuakhevi Hydro Power Project (HPP) in Georgia.

IFC InfraVentues is a $150 million global infrastructure project development fund created by World Bank.

“The Shuakhevi HPP is the largest hydropower plant to be built in Georgia over the past 50 years, and its project investment cost exceeded USD 429 mn,” the company said.

India’s largest integrated power company stated that the construction of the plant started in the fall of 2017, and as part of this project, one weir and two dams with their respective reservoirs and connecting tunnels have been constructed to divert water for power generation.

Tata Power was trading at Rs 80.85, up by Rs 0.30 or 0.37% as at 1111 on Monday, on the BSE. 

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