Tata Power to build hydropower projects in Georgia

Power produced will be sold to Turkey.

Tata Power through a subsidiary, Tata Power International Pte Ltd, signed an agreement with Clean Energy Invest AS and IFC InfraVentures to build the projects that will have an aggregate capacity of 400 MW and would be developed in three phases.

The first phase of 185 MW is expected to be completed before mid-2016.

Tata Power, India's largest integrated energy company, and Clean Energy will each own a 40% stake in the project. Total project cost is estimated at about US$700 million.