Georgia’s Economic Development Ministry says it will accept bids for five hydroelectric power plants in western Georgia until October 1 this year, according to the Interfax news agency.

The hydro plants to be privatised are the 48MW Rionid hydroelectric plant, with a charter capital of US$4.05M; the 112MW Gumati Cascade with a charter capital of US$1.08M; the Shaori hydroelectric Plant, with a capacity of 38MW and a capital of US$952,746, and the 16MW Ats plant, with a capital of US$460,649. The Georgian state owns 100 per cent stakes in all these plants.

The tender will also include the 80MW Dzevurli project, with a capital of US$503,634, in which the Georgian state owns a 98.45% stake.