The Georgian government's Georgian Energy Development Fund (GEDF), set up to promote the Eastern European country's energy potential through effective funding mechanisms, is looking for investors to develop a 5 MW solar power plant.
The selected applicant will be required to develop and construct the 5 MW Desert Solar Power Plant Project in the village of Sagarejo in Sagarejo municipality. On completion, the $3.45 million project is expected to generate 7.1 million kWh annually.
GEDF said the feasibility study for the facility is already complete and it already has a transmission network connection agreement with the Georgian State Electric System. Tender documents for the EPC contract are also ready. GEDF will pool in 10% of the project cost, while the remaining 90% needs to come from the selected investor.
Last date to submit expression of interest (EOI) is August 16, 2021 and by August 30, 2021 GEDF plans to declare the winner. By September 13, 2021, it aims to sign a partnership contract.