ISET Summer School participants visit Georgia’s new Hydro Power Plant
- Details
Georgia is a favorable investment destination, with a simple tax code consisting of six flat taxes and a total tax rate of only 16% on commercial profits that are distributed. Georgia was ranked 16th on the World Banks Ease of Doing Business for 2017 (by contrast, Switzerland is No. 31 and Norway No. 6), and No. 13 on the Bribery Risk Scale of the “Trace”, an International Transparency Rank (Switzerland is No. 16 and Norway No. 5). Georgia has signed an Association Agreement with the EU, is a member of WHO, has ratified the Energy Charter Treaty and signed the New York Convention.
On Sunday July 16 2017, participants of the ISET Summer School of Reformers visited the Shuakhevi Hydro Power Plant developed by Adjaristsqali Georgia LLC (AGL), a company set up specifically for this purpose as a joint venture between India’s Tata Power and Norway's Clean Energy Invest (with shares of 40% each), and IFC (with 20 %). A presentation made by the CEO of AGL, Mr. Prashant Joshi, CEO of AGL; Mr. Josh Gerard, Project Manager of AGL; and Mr. Zviad Diasamidze, the head of Corporate Responsibility of AGL. This was followed by a tour of the Power House, the Dam and the Reservoir, during which the AGL representatives explained the project’s cycle, showed maps of the facilities, and shared AGL’s impressive initiatives for improving the lives of people living in the area of construction.
ISET Summer School attendees visit Adjara
- Details
This year’s ISET’s Summer School was composed of a series of lectures, talks by prominent speakers, and debates on the subject of reforms.
The relevance of the topics was further illustrated by visits to a number of related industrial and administrative projects. On the weekend of July 15-16, attendees toured the Adjara region, during which they examined the newly-built Shuakhevi Hydro Power Plant. It is operated by the Clean Energy Group, a Norwegian renewable energy developer, together with the Tata Indian Power Company. The plant constitutes the biggest joint-financing project and largest hydro power plant to be constructed in recent times.
Our Partners
