GGU Energy and Water Utilities Investment Overview

Solar projects Akhaltsikhe I Further measurement stage Early feasibility stage Akhaltsikhe II Kaspi - 50 MW Identifying solar project opportunities Ksani Marneuli 50 MW Gldani Saakadze Gardabani I Algeti Gardabani II Exclusivity Feasibility MoU with the Government was signed in early 2017 for 18 months Based on preliminary findings 2 main locations are defined for further development (measurement stage) GGU October 2017 page 20

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