JSC Georgian Capital bought Kartli Wind Power Plant for $ 14.4 million

JSC Georgian Capital bought Kartli Wind Power Plant for $ 14.4 million

access_time2019-11-15 13:57:56

Kartli wind power plant was sold for $ 14.4 million. The buyer of the power plant is Georgia Wind Company owned by JSC Georgia Capital. The initial price of the facility  was $ 14.25 million. The public auction was announced by Georgian Energy Development Fund and Georgian Oil and Gas Corporation (GOGC).

The application to sell 100% of Kartli Wind Power Plant LLC by JSC Georgian Energy Development Fund and JSC Georgian Oil and Gas Corporation was published on September 16 and the auction documentation was submitted  by nine companies. The initial  market price of the company was $ 14, 250,000.

Kartli Wind Power Plant was commissioned in December 2016, its installed capacity was 20.7 MW, an average annual output 84.1 million kWh.





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