After several years of losses, Enguri HPP closed 2018 with a profit of 15.6 million

For the first time in four years, Enguri HPP has closed the year with a profit. Specifically, the state-owned company posted a profit of GEL 15.6 million in 2018.

For the first time in four years, Enguri HPP has closed the year with a profit. Specifically, the state-owned company posted a profit of GEL 15.6 million in 2018.

In 2017 the loss of Enguri HPP was GEL 10 million, in 2016 GEL 7.3 million, and in 2015 GEL 13.1 million.

The state holds a 100% share in Enguri HPP LLC. The company is managed by the Ministry of Economy and Sustainable Development of Georgia. The company is responsible for the operation of Enguri Hydropower Plant, the Vardnili HPP cascade and several small hydropower plants in the Kodori Gorge, on the territory of the Autonomous Republic of Abkhazia.

Together, Enguri HPP and the Vardnili HPP cascade generate more than 4 billion kWh of electricity a year, which is 35 per cent of Georgia’s annual electricity demand.