Three companies submitted bids for developing the Namakahvani Project. Namely, General Development LTD, Power China Resources LTD and Clean Energy Group Georgia LLC. The evaluation commission examined every document provided by the companies and announced Clean Energy Group Georgia LLC the winner. Currently there is ongoing negotiations with the Government of Georgia for terms and conditions of the perpetual Build Own Operate agreement (BOO), which will be acceptable for international non-recourse financing.
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