Page 15 - World Of Nurol Magazine-19

NUROL ENERGY has signed the preliminary operate principle are still proceeding and the level the preparation of the environmental and the social

protocol with the GEORGIAN government of construction is envisaged to be reached in year report, the Georgian Law, financial arrangements
2011. Within the scope of the Project, which is to be and energy laws will be succeeded, the current
realized on River Rioni in the vicinity of the city of economic evaluation of the Project will be made and
Kutaisi, three consecutive dams will be constructed. the final Execution Agreement will be signed with
These dams within the scope of the Namakhvani the Georgian Government.
Project are Tvishi Dam (100 Megawatts, with the
concrete dominant body), Namakhvani Dam (250 We believe that, with the preliminary protocol we
Megawatts with concrete vault) and Zhoneti Dam recently made, we have signed another important
(100 Megawatts with clay fill) consequently. project which complies with the past performance,

The ownership of the dams to be constructed values, esteem and our vision towards the future.
will belong to Nurol by %50 and to the Korean
Companies by %50. The Project development will Upon the completion of this Project of ours, %10 of
be conducted by a team which will be constituted the energy to be produced will be sold in Georgia
together, the construction and building works will be and the remaining part will be exported to Turkey.
made by Nurol Construction and SK E&C, and the
operation of the energy plant will be executed by a For the transfer of such a great amount of energy,
partnership of our company with the Korean Kepco the Georgian and the Turkish governments have
after its commence. made an agreement for the construction of an energy
transfer line with a capacity of 1000 MegaWatts.
Within the time scope of one and a half year, And this energy transfer line will be active before
advances in the updating of the feasibility study, the completion of our Project.

13