The construction will begin in spring of 2015, Kaladze told reporters after the signing ceremony.
“These are significant investments - $45 million, which will contribute to both the rapid development of our energy potential and strengthening the country`s regions, creating new jobs,” he said.
After the commissioning of hydroelectric power plant, the local budget will annually receive assessments of 1 million GEL ($1 = 1.84 GEL).
Kaladze said that energy is the most important sphere today in terms of foreign investments.
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