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PF launches construction works for a Combined Cycle Thermal Power Plant in Gardabani

Posted on: 17 Jan 2014

The Partnership Fund (PF), a state-owned shareholding company jointly with its daughter company, Georgian Oil and Gas Corporation (GOGC), starts construction of 230 MW Combined Cycle Thermal Power Plant in Gardabani, Kvemo Kartli region. On January 17, at a ground-breaking ceremony, Irakli Gharibashvili, Prime Minister of Georgia as well as Kakhi Kaladze, Vice-Premier and Energy Minister of Georgia, Ahmet Çalık, Head of Çalık Holding and Irakli Kovzanadze, Executive Director of the Partnership Fund welcomed the guests. Government officials, member of Parliaments, guests from Turkey, representatives of the diplomatic corps accredited in the country and international financial institutions attended the ground-breaking ceremony in Gardabani. According to Irakli Gharibashvili, Prime Minister of Georgia, this is a unique project, which marks the new era in the country’s energy development. "For any country and especially for Georgia, energy independence and energy security is very vital which is directly connected with the security of the whole country. Therefore, implementation of this project is very important,” Gharibashvili said. The 230 MW Gardabani Combined Cycle Thermal Power Plant will generate 1.8 billion kw annually. It will be put into operation by the end of 2015 and will supply the local market with the additional electricity. Additionally, if there is any problem with electricity supply in the country, the plant will have a reserve capacity to supply energy grid of Georgia for 25-30 minutes, guarantying sustainability of the whole system. "Currently, in terms of energy supply, Georgia is dependent by 75 percent on its neighboring countries; However, I would like to say that the country has everything to strengthen its energy independence,” Kaladze said. The total cost of the investment project is $ 220m. It is financed jointly by the Partnership Fund and Georgian Oil and Gas Corporation (GOGC). Çalık Enerji, a Turkish giant energy company is constructing the plant. "Located 40 km distance from Tbilisi, Gardabani Combined Cycle Thermal Power Plant will be stretched on 3 hectares And will operate on gas. It will be equipped with the cutting edge technologies including General Electric and Skoda turbines. These turbines will allow the plant to supply Georgia’s energy grid if needed,” Irakli Kovzanadze, Executive Director of the Partnership Fund said. According to Kovzanadze, in terms of creating a new source of energy generation in the country, this project is a step forward.” Ahmet Çalık, Head of Çalık Holding congratulated the country on launching such a giant project and said that for him to involve in this project is very important. "Gardabani Combined Cycle Thermal Power Plant will strengthen the country’s economic development as well as will bolster its energy independence,” Ahmet Çalık said. At the end of the ceremony, Irakli Gharibashvili, Kakhi Kaladze, Ahmet Çalık and Irakli Kovzanadze signed an address -message to the next generation which was placed in the special capsule and was put in the plant’s foundation.

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