Ministry of Economy denied reports on the Rioni Gorge’s transfer into the ownership of ENKA

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Ministry of Economy denied reports on the Rioni Gorge’s transfer into the ownership of ENKA

05-02-2021 13:55

The Ministry of Economy denied reports on the Rioni Gorge’s transfer into the ownership of ENKA Company. It tagged the allegation as a lie and aimed at escalation of tension.

“Investor ENKA Company got the long-term tenancy right on the territory of the future Namakhvani HPP cascade construction. That is an acceptable practice.

ENKA invested USD 800 million in the project. Besides, the company is obliged to construct the Kutaisi-Alpana-Mamisoni road based on the agreement signed between the Georgian government and the investor. ENKA is prohibited from using the land for other purposes or hand them over to a third person”, - reads the statement of the Ministry.

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