For the 46 MW hydro power plant Mtkvari, under construction near the city of Akhaltsikhe in the southeast Georgia, the consortium Denkstatt GmbH and CES were awarded a contract by Black Sea Trade and Development Bank and Oesterreichische Entwicklungsbank AG (OeEB) to prepare a due diligence review and a project risk assessment.
JSC Caucasus Energy & Infrastructure and Mtkvari HPP LLC were constructing a run-of-river hydro power plant on the Mtkvari river. CES checked its technical feasibility and on the basis of a financial model, tariffs were calculated and the project’s economic performance was presented. Furthermore, the scheme’s environmental and social impacts were reviewed by Denkstatt.
