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Turkey, Georgia Plan $600 Million Plant on Kura, Dunya Reports

Nov. 2 (Bloomberg) -- Turkey and Georgia plan to build a 280-megawatts hydropower plant on the Georgian section of the Kura river at a cost of $600 million, Dunya reported, citing Hakan Simsek, an adviser to Georgia’s Energy Minister.

The countries will sign an agreement for the project soon and Turkey will use most of the annual 1.5 billion kilowatthours of electricity from the plant, Simsek said, according to the Istanbul-based newspaper. Turkey and Georgia will also complete the construction of a 1,000-megawatt transmission line in May 2012 and a 350-megawatt line in 2013, Dunya quoted Simsek as saying.

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To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net

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