Page 7 - AsiaElec Week 42 2022
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AsiaElec INVESTMENT AsiaElec
Georgian PM and Tata Power CEO
discuss energy investments
INDIA “MAJOR investments” planned in Georgia’s Garibashvili said that Shuakhevi HPP
energy sector and prospects for future coopera- increased domestic electricity production by
tion were discussed on October 20 at a meeting approximately 5 percent, strengthened the
between Georgian Prime Minister Irakli Gari- country’s energy security, and contributed to its
bashvili and Praveer Sinha, the CEO and man- energy independence.
aging director of Tata Power Company Limited, The project is funded by the European Bank
Agenda.ge reported. for Reconstruction and Development, the
Tata Power, together with the Norwegian Asian Development Bank and the International
company Clean Energy Invest, is the owner Finance Corporation, a member of the World
of Acharistsqali Georgia, the country’s largest Bank Group.
investor in the energy sector. Tata Group is one of the world’s leading com-
The company oversaw the construction of the panies operating on six continents, in 100 coun-
187 MW Shuakhevi cascade power plant, with a tries, and employing 935,000 people.
total investment of over $550mn.
Week 42 19•October•2022 www. NEWSBASE .com P7
