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  • Hydropower Potential and Investment

    Opportunities in Georgia

    Ministry of Energy and

    Natural Resources of Georgia

  • INTRODUCTION

    Economy

    Open and dynamically growing

    economy

    Minimum bureaucracy and liberal

    regulations

    Diversified economic growth

    International Recognition

    Worlds Top Reformer country

    according to Ease of Doing Business (WB/IFC)

    Governments strong

    commitment for further reforming

    Regional Energy Hub

    Reliable transit country

    Net electricity exporter to all four

    neighboring countries

    Rapidly expandable energy

    markets

    Construction of additional

    electricity export infrastructure 2 www.menr.gov.ge

  • HIG

    H

    LO

    W

    HIG

    H

    LO

    W

    ELECTRICITYBALANCE

    3

    100%

    92%

    8%

    Current Projected Seasonal Asymmetry of Generation and Consumption

    Winter Summer

    Generation

    Consumption

    2004

    6.9 6.0 0.9 -1.2 8.1 5.7 1.7 0.7 1.8

    2006

    7.6 5.4 2.2 -0.7

    8.3 5.9 2.0 0.4 1.84

    2005

    7.1 6.0 1.0 -1.3

    8.3 5.9 1.9 0.5 1.8

    Tw/h Generation

    Hydro

    Thermal

    Net Import / Export

    Consumption

    Distribution

    Direct Customers

    Transmission Losses

    Consumption per capita

    2007

    8.3 6.9 1.5 0.2 8.1 5.9 2.0 0.2 1.9

    2008

    8.6 7.3 1.3 0.3 8.3 6.0 2.1 0.2 1.9

    2009

    8.9 7.7 1.2 0.5 8.4 6.1 2.1 0.2 1.95

    2010

    10.1 9.3 0.8 1.3 8.8 6.4 2.1 0.3 1.97

    85%

    15%

    2004 2010 Thermal & Import Hydro

    Before

    www.menr.gov.ge

  • EXISTING HYDRO POTENTIAL

    Vast untapped hydro resources

    Top country in water resources per capita

    In total 26,000 rivers

    300 rivers in terms of energy production

    18% of total hydro potential is utilized

    HPP Greenfield potential of 20 TWh

    4 www.menr.gov.ge

  • INVESTMENTOPPORTUNITIES

    41 HPPs (each up to 100 MW) are offered to potential investors

    Investor is free to choose and apply for construction of up to 7 potential HPPs from the list

    Investor is not limited with the list

    Terms and conditions of EOI for HPPs more than 100 MW capacity is subject of Governments resolution

    5 www.menr.gov.ge

  • HPPs PRE FEASIBILITYSTUDY INCLUDES

    Financials/Ratios Income Statement

    Cash Flow

    Balance Sheet

    NPV

    IRR

    Technical Projection HPPs Technical Data Hydrological Data Topographic

    Maps

    Other Necessary Data 6 www.menr.gov.ge

  • 7

    Project Name River Name Region

    POTENTIAL MEDIUM & SMALL SIZE HYDRO PROJECTS Projected

    Installed Capacity

    MW

    Regulation Type

    1

    2

    3

    4

    5

    6

    7

    8

    9

    10

    11

    12

    13

    14

    15

    16

    17

    18

    19

    20

    Medani HPP

    Lebarde HPP I

    Lebarde HPP II

    Lesulukhe HPP

    Nakra HPP1

    Nakra HPP

    Khumpreri HPP

    Kheledula HPP 1

    Kheledula HPP 2

    Kheledula HPP 3

    Stori HPP

    Stori HPP1

    Stori HPP2

    Stori HPP3

    Cheshura HPP

    Samitso HPP

    Jejora HPP

    Jria HPP

    Boriti HPP

    Khani VII HPP

    Chanis Tskali

    Lebarde

    Tekhuri

    Tsachkhuru

    Nakra

    Nakra

    Khumpreri

    Kheledula

    Kheledula

    Kheledula

    Stori

    Stori

    Stori

    Stori

    Cheshura

    Jejora

    Jejora

    Kvirila

    Dumala

    Khanistskali

    Samegrelo Zemo Svaneti

    Samegrelo Zemo Svaneti

    Samegrelo Zemo Svaneti

    Samegrelo Zemo Svaneti

    Samegrelo Zemo Svaneti

    Samegrelo Zemo Svaneti

    Samegrelo Zemo Svaneti

    Samegrelo Zemo Svaneti

    Samegrelo Zemo Svaneti

    Samegrelo Zemo Svaneti

    Kakheti

    Kakheti

    Kakheti

    Kakheti

    Racha-Lechkhumi-Kvemo Svaneti

    Racha-Lechkhumi-Kvemo Svaneti

    Racha-Lechkhumi-Kvemo Svaneti

    Imereti

    Imereti

    Imereti

    4.4 4.6 4.2 5.7 14.8

    20.4

    16.4

    18.8

    21.6

    44.3

    11.8

    14.0

    11.4

    13.7

    7.5 24.3

    15.8

    9.2 6.4 6.4

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

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    Reservoir

    Reservoir

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    www.menr.gov.ge

  • POTENTIAL MEDIUM & SMALL SIZE HYDRO PROJECTS

    8

    Project Name River Name Region Projected Installed Capacity MW

    Regulation Type

    21

    22

    23

    24

    25

    26

    27

    28

    29

    30

    31

    32

    33

    34

    35

    36

    37

    38

    39

    40

    41

    Bakhvi HPP4

    Iori HPP

    Samkuristskali HPPI

    Samkuristskali HPPII

    Avani HPP

    Duruji HPP

    Marelisi HPP

    Natanebi 1 HPP

    Natanebi 2 HPP

    Natanebi 3 HPP

    Uraveli HPP 1

    Uraveli HPP 2

    Muskhi HPP

    Zarzma HPP

    Chela HPP

    Kvablia HPP

    Zestafoni HPP I

    Zestafoni HPP II

    Zestafoni HPP III

    Zestafoni HPP IV

    Mleta HPP

    Bakhvis Tskali

    Iori

    Samkuris Tskali

    Samkuris Tskali

    Avanis Khevi

    Duruji

    Bjholis Khevi

    Natanebi

    Natanebi

    Natanebi

    Uraveli

    Uraveli

    Injasu

    Dzindzistskali

    Kvabliani

    Kvabliani

    Kvirla

    Kvirla

    Kvirla

    Kvirla

    Tetri Aragvi

    Guria

    Mtskheta-Mtianeti

    Kakheti

    Kakheti

    Kakheti

    Kakheti

    Imereti

    Guria

    Guria

    Guria

    Samckhe-Javakheti

    Samckhe-Javakheti

    Samckhe-Javakheti

    Samckhe-Javakheti

    Samckhe-Javakheti

    Samckhe-Javakheti

    Imereti

    Imereti

    Imereti

    Imereti

    Mtskheta-Mianeti

    1.0 9.7 4.9 22.6

    4.6 1.7 4.6 7.2 7.5 11.5

    4.3 5.07

    2.04

    4.30

    8.20

    6.78

    10.0

    11.9

    15.9

    15.9

    1.97

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    Run-of-the-River

    www.menr.gov.ge

  • EXPORTOPPORTUNITIES

    9

    Georgias hydro potential can be used to offset part of the growing demand in Turkey, Russia, Azerbaijan, Armenia, Iran, and Europe

    Over the last three decades Turkish demand for electricity has grown at an average rate of 7.6% per annum

    By 2013 Turkey is expected to be a net importer of electricity

    The peak demand season (summer) in many of neighboring countries occurs in Georgias peak supply season when river flows are at their highest

    Increased profits from carbon credits sell

    www.menr.gov.ge

  • INFRASTRUCTURE WITH NEIGHBORING

    COUNTRIES

    Existing Transmission lines

    Russia 1155 MW

    Existing & Planned Transmission Lines

    Turkey 2000 MW Armenia 835 MW Azerbaijan 1150 MW

    10

    Georgian power grid is connected to the grids of all of neighboring countries

    Construction of new high voltage 500/400 KV line to Turkey will be finished by 2012

    Construction of additional interconnection with Turkey is under negotiation

    www.menr.gov.ge

  • EXPORTORIENTED PROJECTS

    43 HPP on-going Projects

    Total installed capacity of 1876 MW and annual generation up to 7.4 TWH Projected investment USD 2.95 bln. Construction works to be finished in 2014-2017

    7 new HPP constructions ongoing 15 new HPP constructions will be launched in 2012

    11

    Major companies operating in Georgia

    Anadolu (Turkey)

    Peri (Georgia)

    Aaolu (Turkey)

    Trans Electrica Ltd.(India)

    Energo Pro (Czech)

    Clean Energy Group (Norway)

    KGM (Georgia)

    Rusmetal (Georgia)

    ATAC (Turkey)

    Kolin (Turkey)

    www.menr.gov.ge

  • EASY REGULATORYFRAMEWORK

    Greenfield projects based on Build-Own-Operate (B-O-O) principle

    Totally deregulated all new constructions

    No tariff is set for the newly built HPPs - investor is free to choose the

    market and the price

    No special fee for the grid connection

    Free third-party access to the grid

    No license required for export and no tariff set

    Guaranteed purchase offered by GoG for three months

    Priority access for transmission to Turkey (Long term contract with

    TSO) w

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