Promotion Of Construction Of New Power Plants

According to the Law of Georgia on Electricity and Natural Gas, in the event that the agreement is reached between the Government of Georgian, the Electricity Market Operator and appropriate person (investor) as well as in case of signing the power purchase agreement, ESCO carries out the compulsory purchase of electricity (capacity), generated by the newly built power plant (generation licensee and/or small capacity power plant), in compliance with the legislation in force.

The Decree #107 of Georgian Government - “State Program “Renewable Energy 2008”, about the Approval of the Rule to Enable Construction of Renewable Energy Sources in Georgia," dated April 19, 2008, regulates the mentioned issue and decree "About the Approval of the Rule of Expressing Interest in the Decree #107 of Georgian Government - “State Program “Renewable Energy 2008”, about the Approval of the Rule to Enable Construction of Renewable Energy Sources in Georgia", dated April 19, 2008, regulates the mentioned issue and Decree #214 "About the Approval of the Rule of Expressing Interest in Technical and Economical Study of the Construction, Construction, Ownership and Operation of the Power Plants in Georgia".

Guaranteed Power Purchase Agreements signed with ESCO in accordance with the Memorandums

N	Counterparties	Date of Signature	Name of Unit	Date of Exploitation
1	"Georgia-Urban Energy", LLC	28.10.2014	Paravani HPP	October, 2014
2	"Energy", LLC	23.08.2012	Larsi HPP	January, 2014
3	"Dariali Energy', LLC (at present - "Dariali Energy", JSC)	18.07.2014	Dariali HPP	December, 2016
4	"Kazbegi HPP", LLC	22.09.2012	Kazbegi HPP	August, 2014
5	"Energy", LLC and "GGEDC", JSC	15.08.2012	Shilda HPP	September, 2013
6	"Bakhvi Hydro Power", LLC	23.08.2012	Bakhvi HPP III	December, 2013
7	"Hydrolea" "Geoenergy", LLC	15.11.2013	Akhmeta HPP	March, 2014
8	"Hydrolea" and "Hydro Georgia, LLC	15.11.2013	Debeda HPP	December, 2015
9	"Hydrolea" and "Stori Power", LLC	15.11.2013	Pshavela HPP	February, 2015
10	"Hydrolea" "Darchi", LLC	10.03.15	Darchi-Ormaleti HPP
11	"Hydrolea", LLC and "Kasleti-1", LLC	10.03.15	Kasleti-1 HPP
12	"Hydrolea", LLC and "Kasleti-2", LLC	31.08.2015	Kasleti-2 HPP	September, 2018
13	"Nenskra Hydro", JSC	16.06.2017	Nenskra HPP
14	"Mtkavri Hesi", LLC	11.01.2016	Mtkvari HPP
15	"Oni Cascade", JSC	11.01.2016	Oni 1 and Oni 2 HPPs (Oni Cascade)
16	"Georgian Investment Group Energy", LLC	27.01.2016	Khobi 2 HPPs
17	"Energo-Aragvi", LLC	04.01.2016	Aragvi HPP	February, 2014
18	"Saknakhshiri" , LLC	22.02.2016	Tkibuli TPP	February, 2016
19	"Kartli Wind Power Plant', LLC	10.05.2016	Kartli Wind Power Plant	January, 2017
20	“Era Georgia”, LLC	27.12.2016	Shakshaketi HPP	May, 2016
21	'"C Power", LLC	20.03.2017	Coal Fired Thermal Power Plant
22	'"Achar Energy 2007", LLC	28.03.2017	Khelvachauri 1 HPP	March, 2017
23	"Svaneti Hydro", JSC	20.04.2017	Mestiachala 1 HPP
24	"Svaneti Hydro", JSC	20.04.2017	Mestiachala 2 HPP
25	"Bugato Energy", LLC	24.04.2017	Metekhi 1 HPP
26	"Hydro Energy", LLC	14.08.2017	Shilda 1 HPP	April, 2018
27	"Hydro Development Company", LLC	04.09.2017	Kintrisha HPP	August, 2017
28	"AquaHydro", LLC	14.12.2017	Ifari HPP
29	"AquaHydro", LLC	14.12.2017	Khelra HPP
30	"AquaHydro", LLC	14.12.2017	Nakra HPP
31	"AquaHydroEnergy", LLC	14.12.2017	Lajanuri 1 HPP
32	"AquaHydroEnergy", LLC	14.12.2017	Lajanuri 2 HPP
33	"AquaHydroEnergy", LLC	14.12.2017	Lajanuri 3 HPP
34	"Alazani Energy", LLC	22.12.2017	Khadori 3 HPP
35	"Supsa Energy", LLC	21.12.2017	Baramidze HPP
36	"Prime Energy", LLC	08.02.2018	Kizilajlo HPP
37	"GGP Zekari", LLC	20.02.2018	Zekari HPP
38	"Energo Invest", LLC	23.03.2018	Avani HPP
39	"Achar Energy 2007", LLC	07.05.2018	Kirnati HPP	November, 2018
40	"Kheori Hesi", LLC	30.07.2018	Kheori HPP	May, 2018
41	"Feri", LLC	21.09.2018	Samkuristskali 1 HPP
42	"Feri", LLC	21.09.2018	Samkuristskali 2 HPP
43	'"Georgian Water and Power", LLC	10.10.2018	Bodorna HPP
44	'"Jonouli 1" LLC	17.12.2018	Jonouli 1 HPP	December, 2018