Mtkvari Cascade 4 is a 78.1MW hydro power project. It is planned on Mtkvari river/basin in Kvemo Kartli, Georgia. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Hydropower 78.1 78.1 Permitting Kvemo Kartli, Georgia VM Electric


The project is being developed and currently owned by VM Electric.

The project is expected to generate 614.9 GWh of electricity. The project cost is expected to be around $136.675m.

Development Status

The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.

Power Purchase Agreement

The power generated from the project will be sold to Electricity System Commercial Operator under a power purchase agreement.


All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.