Support The Moscow Times!

Inter RAO Invests in Georgia

TBILISI, Georgia — Inter RAO will invest $193 million by 2016 to develop hydropower projects in Georgia, after agreeing to buy existing plants for $104 million, said Energy Minister Alexandre Khetaguri.

Inter RAO plans to build at least three plants with total capacity of 100 megawatts in Georgia, Khetaguri said last week on Rustavi 2 television.

Inter RAO invests about $15 million in Georgia a year, Yury Pimonov, head of the Telasi electricity utility, said last year. Inter RAO holds 75 percent of Telasi, according to the Georgian company's web site. Georgian Prime Minister Nika Gilauri said in December the country signed 42 preliminary deals with foreign investors.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.