Clean Energy Group Georgia
Clean Energy Group Georgia LLC is a privately held renewable energy developer, investor and long-term asset manager, owned by Clean Energy Group AS of Norway and ENKA İnşaat ve Sanayi A.Ş. of Turkey.
Namakhvani Hydropower Plant cascade
The 433 MW / 1514 GWh Namakhvani project was awarded to Clean Energy Group Georgia LLC in January 2017 after a transparent and competitive tender process where 26 companies took part.
Construction of Namakhvani Hydropower Plant cascade is planned to start in 2018 under an Engineering, Procurement and Construction (EPC) contract with ENKA, a leading Turkish engineering & construction company, with extensive international experience. ENKA is currently constructing part of the USD 500 million BP gas pipeline through Georgia.
Namakhvani Hydropower Plant cascade is crucially important for Georgia to gain energy independence. The project will be increasing the country’s electrical generation by approximately 15%. The substantial reservoir capacity of the project will improve the energy security of Georgia and enhance electricity system stability. The project is expected to create up to 3000 jobs during construction with preference given to employing local residents. The project will also help meet Georgia’s commitments under the Paris Accord by reducing the CO2 emissions by approximately 750,000 tonnes per year.
The Namakhvani project is an opportunity to improve the livelihood of affected communities. CEGG will contribute more than 15 million Georgian Lari in property taxes to the budgets of the local municipalities every year. Other positive impacts will come through Corporate Social Responsibility programs in the Imereti region where the project is located.
Clean Energy Group Georgia follows IFC's Performance Standards on Environmental and Social Sustainability and EBRD’s Performance Requirements. The company wants to be a leading player in the sphere of Corporate Social Responsibility in Georgia.