EMC: Namakhvani HPP project to endanger Georgia's energy security
EMC: Namakhvani HPP project to endanger Georgia's energy security
12:45, 03.03.2021

The Human Rights Training and Monitoring Center (EMC) questions the Namakhvani HPP project benefits. As the agreement between the Georgian government and the Turkish company ENKA Renewables Ltd is favourable for the investor company.

After studying the contract conditions, EMC said Namakhvani HPP construction poses several risks to the country.

“It casts doubts on the economic utility and its role in the country’s energy security. Not only is detrimental to Georgia’s energy security, but the agreement brings heavy and undetermined fiscal burdens for the state budget. The contract analysis showed that the government granted several guarantees and conditions to the investor company, which allows bypassing the strict requirements of the law to summarily secure basic permits and start construction,” the EMC said.

The Georgian government and ENKA Renewables Ltd signed a perpetual build-own-operate agreement back in 2019. ENKA has been awarded the rights to develop, construct, own and operate the Namakhvani HPP Cascade Project in Georgia.



By - Marika Kartozia

Economics
Society
EMC
Namakhvani HPP project
The Human Rights Training and Monitoring Center
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