Partnership Fund Will become Stakeholder of Nenskra Hydro

Partnership Fund has become a stakeholder during Nenskra Hydro. Representatives of Partnership Fund management and K-Water design company presented a working meeting.

Namely, Venture Fund has decided to buy 20 000 gives of Nenskra HPP, that is pertaining to 10% stake in the venture.

At the meeting a parties signed official document on transferring Nenskra Hydro shares to JSC Partnership Fund. The file was signed by means of Natia Turnava, deputy executive director involving Partnership Fund and also Nenskra Hydro director general Buong Seub Choi.

At this meeting the events discussed Nenska HPP construction approach and the project setup details. The parties agreed to accelerate the work implementation process.

Nenskra HPP using 280 megawatt power has constructed by Japanese company K-water in Svaneti. Probable annual generation is certainly 1 200 gigawatt/hours. The HPP will launch energy generation in 2019, while project implementation will finish in 2021.

Total value of the project is 1 million USD

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