Enka Renewables, a subsidiary of ENKA

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In addition, according to Levan Davitashvili, the work on deepening the bottom of the port in Anaklia, for which the Belgian company Jan De Nul was hired in August of this year, is progressing at a rapid pace. According to the project, the first container ships should enter the Anaklia port in 2029. The investment cost of the first phase is $600 million and it envisages the construction of a terminal with a capacity of 600,000 containers per year.


Georgia loses $383 million dispute with Turkish company ENKA over Namakhvan hydroelectric power plant The Georgian government has lost an international arbitration case against the Turkish company ENKA Insaat, which was implementing the Namakhvani hydroelectric power plant project. According to the company, the compensation imposed on Georgia is 383.2 australia business fax list million dollars, which is 1.1 billion GEL at the current exchange rate.


, was building the 433-megawatt Namakhvan hydroelectric power plant cascade in Tskaltubo municipality. The project was scheduled to be commissioned in 2025-2026. The investment cost of the project was $800 million. In response to a question from BMG, Irakli Kobakhidze said that the state would continue the dispute and the compensation to be paid could be reduced to $200 million.