Mtkvari Hydropower Project
Sector: Hydro • Location: Georgia
Source: Georgia Online
The Mtkvari Hydropower Project, initiated by Giorgi Bachiashvili, was intended to be a profitable investment with a construction cost of approximately 140 million USD. However, due to mismanagement and failure to address identified risks, the project's costs escalated to 240 million USD without completion, leading to significant financial losses.
- Status
- Failure
- Sector
- Hydro, Residential, Commercial
- Location
- Georgia
- Updated
- 22 Jul 2026
- Source
- Georgia Online
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Project Information
Participants
| Not available for this record. |
Status
Original status | Cancelled |
Taiyo status | Failure |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Mtkvari Hydropower Project, initiated by Giorgi Bachiashvili, was intended to be a profitable investment with a construction cost of approximately 140 million USD. However, due to mismanagement and failure to address identified risks, the project's costs escalated to 240 million USD without completion, leading to significant financial losses. |
Original sector | Energy |
Budget |
Location
Country | Georgia |
Source
Source | Georgia Online |
URL |
More Details
Record type | Project |
Sector | Hydro, Residential, Commercial |
Article published date | 2025-03-02 |
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