CONSTRUCTION OF THE 3RD THERMAL POWER PLANT IS PLANNED IN GARDABANI

Georgian government plans to build the 3rd thermal power plant (TPP) of combined

cycle with a capacity of 350-430 MW in Gardabani municipality (Kvemo Kartli

region).

At the meeting today, the government decided to announce an auction for

construction of an energy-efficient power plant.

At that, the government plans to alienate the 100% stake of “Georgian Oil and

Gas Corporation” in LLC “Gardabani Heat Station-3”, established in 2021. The

condition for alienation will be obligation of the investor to build and put

into operation a station within 4 years, which will become the largest in

Georgia, the government reported.

Levan Davitashvili, Georgia’s Minister of Economy and Sustainable Development,

said after the government meeting that the main condition for selecting an

investor will be the lowest capital costs of construction (calculated per 1

MW).