The Partnership Fund, together with its subsidiary Georgian Oil and Gas (GOGC), has begun construction on the 230MW Gardabani combined cycle thermal power plant in Georgia.

Located in the Kvemo Kartli region, the plant will feature General Electric turbines and supply additional electricity to the country when completed in 2015.

In addition, the plant will be capable of having a reserve capacity to supply the national grid for 25-30 minutes in case of any electricity supply problem.

The company claims that the plant’s efficiency is higher by nearly two-fold compared to other operating natural gas-fired power plants in Georgia, while the operating cost cheaper.

Turkish energy company Calik Enerji is responsible for construction of the $220m project, which is being financed by the Partnership Fund and GOGC.