LONDON (ShareCast) - (Sharecast News) - Georgia Capital announced on Monday that the Government of Georgia has approved the concept of its renewable energy division's wind power plant projects near Tbilisi and Kaspi.
The London-listed firm said the approval represented a "significant milestone" to obtain power purchase agreements from the government, with those expected to be finalised in the near future.

"The Tbilisi and Kaspi Wind Farms, with 108MW installed capacity in aggregate, are expected to have an average capacity factor within the 35% to 40% range," the Georgia Capital board said in its statement.

"Both projects are planned to be constructed in parallel with expected commissioning date in the second half of 2022."

At 1026 GMT, shares in Georgia Capital were up 0.23% at 890p.

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