MoneyWorks4Me

Tata Power’s JV commences commercial production in Georgia

30 Mar 2020 Evaluate
Adjaristsqali Georgia LLC (AGL) a joint venture (JV) between Tata Power, Norway’s Clean Energy Invest (CEI), and International Financial Corporation (IFC) has announced the start of commercial operation of the 178 MW Shuakhevi Hydro Power Project (Shuakhevi HPP) located in southwest Georgia. Further, AGL will be soon commissioning the 9 MW Skhalta Hydro Power project which is also a component of the overall Shuakhevi Project scheme.

The project will generate around 450 GWh of clean energy to reduce the emission of greenhouse gases by more than 200,000 tonnes a year. The successful completion and start of commercial operations are considered crucial for the integrity, security and energy independence of Georgia.

Tata Power Company is India’s largest integrated power company with a growing international presence.

Peers
Company Name CMP
NTPC 329.35
Tata Power 368.30
Adani Power 205.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1382.00
View more..