25.Apr.2018 18:20
Energy sector

When will he shares of wind farm be available for buying?

When will he shares of wind farm be available for buying?
Tornike Rizhvadze, Head of Energy Development Fund states that the due diligence process for Kartli Wind Farm to be allocated on London Stock Exchange has been completed and now they are working in commercial direction. Only after this, the price for Kartli Wind Farm shares will be established. “The due diligence process is completed and now we are in the commercial analysis part. Relevant prospectus will be developed and the society will be given access to the above shares,” – stated Tornike Rizhvadze.

Information about allocation of Kartli Wind Farm on London Stock Exchange was disclosed by the prime-minister of Georgia. The wind power station located in Gori was withdrawn from test mode on 27th May 2017 and registered as a qualified enterprise. Accordingly, commercial operator of energy system buys 1 kw/hr electricity generated by the wind farm for 6.89 US cents.



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