"Goodbye millions" – how the Georgian government plans to keep the Turkish investor

https://sputnik-georgia.ru/20210922/proschayte-milliony—kak-pravitelstvo-gruzii-planiruet-uderzhat-turetskogo-investora-259811692.html

“Farewell, millions” – how the Georgian government plans to keep the Turkish investor

“Farewell, millions” – how the Georgian government plans to keep the Turkish investor

The authorities want to find the right and, most importantly, a state-justified decision, the department noted 09/22/2021, Sputnik Georgia

2021-09-22T20:01+0400

2021-09-22T20:01+0400

2021-09-22T20:01+0400

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protests around the construction of the namahvani hydropower plant

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TBILISI, 22 Sep – Sputnik. The Georgian government plans to continue negotiations with the Turkish company ENKA Renewables over the termination of its contract for the construction of the Namakhvani hydroelectric power station cascade in the west of the country within the next month, the press service of the Ministry of Economy and Sustainable Development of Georgia reports. The Turkish company terminated the contract with Georgia & gt; & gt; & gt; In 2019, the Georgian government granted the right to develop, build, own and operate the Namakhvani HPP cascade to the Turkish company ENKA and the Norwegian company Clean Energy Group. After the completion of the project, the annual electricity production in Georgia was to increase by 15%. It was planned to invest $ 830 million in the construction of the cascade. However, due to numerous obstacles and force majeure situations, ENKA decided to terminate the contract with the government. The department confirmed that they learned about Enka’s possible withdrawal from the project in a month, having received preliminary notification. According to the ministry, the project for the construction of the Namakhvani HPP Cascade is complex, therefore investors face many difficulties in its implementation. At the same time, it is emphasized that, given the environmental, social and technical challenges of the project, both the government and the investor are obliged to revise the individual characteristics of the project, if necessary. to resolve disputes of the EU Energy Union, and invited all NGOs and public groups interested in the Namakhvani project to join. “We hope that the process will be resolved by convergence of positions and, most importantly, in favor of the Georgian state. investments in the energy sector in order to ensure the country’s energy independence and, most importantly, energy security, “the statement noted. Passions around the Namakhvani HPP For more than ten months, there have been permanent actions in Georgia against the construction of the Namakhvani HPP in the Rioni river gorge in the Imereti region. They demanded that the contract between the Georgian government and the construction company ENKA be annulled, which, according to them, was drawn up on conditions that were unfavorable for Georgia. The demonstrators demanded to identify all persons involved in making decisions on the start of construction, as well as the resignation of the Minister of Economy of Georgia Natia Turnava. In response to the massive protests, the government announced a moratorium on the construction of the Namakhvani hydroelectric dam for a period of 9 to 12 months and promised to connect to the permit the issue of international mediators. km, and the second – with an area of ​​5.1 sq. km. At the same time, with the help of a dam and sluices, the water level would be regulated in order to prevent floods in the gorge. Read also: Subscribe to video news from Georgia on our YouTube channel.

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economy, news, georgia, hydropower plant, georgian economy, protests around the construction of namahvani hydropower plant

The authorities want to find the correct and, most importantly, a state-justified decision, the department noted

TBILISI, September 22 – Sputnik. The Georgian government plans to continue negotiations with the Turkish company ENKA Renewables over the termination of its contract for the construction of the Namakhvani hydroelectric power station cascade in the west of the country within the next month, the press service of the Ministry of Economy and Sustainable Development of Georgia reported.

Namakhvani hydroelectric power station will not be? Turkish company terminated the contract with Georgia >>>

In 2019, the Georgian government granted the right to develop, build, own and operate the Namakhvani HPP cascade to the Turkish company ENKA and the Norwegian company Clean Energy Group. After the completion of the project, the annual electricity production in Georgia was to increase by 15%. It was planned to invest $ 830 million in the construction of the cascade. However, due to numerous obstacles and force majeure situations, ENKA decided to terminate the contract with the government.

“Once again, we note that both the Namakhvani HPP Cascade project and the interest of any investor in general are important for us. Therefore, over the next month we will continue to communicate with the investor company in order to find the correct and, most importantly, a government-justified solution that does not will harm our investment environment and, over time, will finally remove all issues related to the project, “- said in a statement from the Ministry of Economy.

The department confirmed that they learned about the possible exit of Enka from the project in a month, having received preliminary notification.

According to the ministry, the project for the construction of the Namakhvani HPP Cascade is complex, so investors face many difficulties in its implementation. At the same time, it is emphasized that, given the environmental, social and technical challenges of the project, both the government and the investor are obliged to revise the individual characteristics of the project, if necessary.

The Ministry of Economy recalled that in order to resolve all disputes around the project, the department turned to one of the most authoritative mediators in the world – the Dispute Resolution Council of the EU Energy Union, and invited all NGOs and public groups interested in the Namakhvani project to join.

“We hope that the process will be resolved by the convergence of positions and, most importantly, in favor of the Georgian state. The Georgian government is doing everything possible to continue to attract investments in the energy sector in order to ensure the country’s energy independence and, most importantly, energy security,” in the statement.

Passion around the Namakhvani hydroelectric power station

For more than ten months in Georgia, there have been permanent actions by opponents of the construction of the Namakhvani hydroelectric power station in the gorge of the Rioni River in the Imereti region.

The protesters demanded to annul the agreement between the Georgian government and the construction company ENKA, which, according to them, was drawn up on conditions unfavorable for Georgia. The demonstrators demanded to identify all persons involved in making decisions on the start of construction, as well as the resignation of the Minister of Economy of Georgia Natia Turnava.

In response to the massive protests, the government announced a moratorium on the construction of the Namakhvani hydroelectric dam for a period of 9 to 12 months and promised to involve international mediators in resolving the issue.

Namakhvani HPP was supposed to consist of a cascade of two HPPs: one with a dam with an area of ​​1 sq. km, and the second – with an area of ​​5.1 sq. km. At the same time, with the help of a dam and locks, the water level would be regulated in order to prevent flooding in the gorge.

Read also:

The contract on the construction of the Namakhvani hydroelectric power station will be examined by the international law firm CMS
Earthquakes, landslides, floods – the geologist explained why Georgia is in danger
Prime Minister of Georgia: Namakhvani HPP contract will be revised
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