Hydro Electric Cascade Dam 2 | Georgia

CDH2 is requesting $207M (USD) for the construction of a Hydro-Cascade dams in the country of Georgia. This project has the full backing and permits necessary from the Georgian government, which is anxious to increase the supply of clean, green energy into the Georgian grid amid a growing economy and a desire to be electric energy independent. The company’s financial partner is it’s turbine supplier. A 15 year off-take agreement has been reached with Electricity System Commercial Operator (ESCO) to purchase up to 100% of power generated at both dams. The agreement is renewable for an additional 15 period with provisions for rate adjustments based on inflation. The CDH2 also has the right to sell up to 40% of the generated power on the open market at rates above the ESCO terms. The project, is approximately .5 KM away from the existing high voltage electric transfer lines and the remaining area needed for connection has already been included in the project costs. The Georgian government will construct the distribution infrastructure and string transmission lines to the power generation facilities. The project will be completed and producing revenue within a 30-month timeframe, and an insurance-wrap will be available for the lender.