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Tata Power achieves financial closure for Georgia hydro project

24 Mar 2015 Evaluate

Tata Power, India’s largest integrated Power Company has completed financial closure for its 187 MW Adjaristsqali hydro project in Georgia. The project is being financed by IFC, ABD and EBRD. This landmark project will help Georgia to tap its hydropower potential. IFC, along with ADB and EBRD, has arranged the largest-ever private hydropower investment in Georgia of $400 million through project financing.

Adjaristsqali Georgia is a joint venture between India's Tata Power and Norway's Clean Energy Invest (40 percent each), and IFC (20 percent). This project will help Georgia achieve energy self- sufficiency. The three lenders are providing a total of $250 million of long term project financing for the project.

Tata Power is India’s largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8621 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

Tata Power Share Price

436.00 -3.20 (-0.73%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 402.20
Tata Power 436.00
Adani Power 225.15
Power Grid Corp 313.90
Torrent Power 1724.80
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