The construction of the main facilities of the Namakhvani HPP - the dam and the reservoir - will be suspended until major studies are re-verified and validated, while construction of the auxiliary infrastructure will continue. Such a statement made today the Minister of Economy.

“Agreement had also been reached with the HPP investor that a GEL 5 million development fund will be set up in Rioni gorge that will finance all necessary projects for the gorge’s population, a Georgian director will be appointed and an independent council will be set up to oversee the project.

The Namakhvani HPP will provide Georgia with 12% of its electric energy needs once completed.

This is a very important large hydropower plant with an installed capacity of 430 MW. It will bring in USD 800 million in foreign direct investments”, - said Natia Turnava.