Company
Bakhvi HPP is a development company that has implemented the Bakhvi 1 and Bakhvi 2 run-of-river hydropower plant projects in Ozurgeti Municipality, specifically on the Bakhvistskali River. The company's investors are CCEH (Caucasus Renewable Energy Fund) and the Austrian investment fund ILAG, as well as other private specialized investors from Austria and Georgia.
CCEH's investors comprise well-known financial institutions from America and European countries (including European Investment Bank [EIB], Dutch Development Bank [FMO], Austrian Development Bank [OeEB], etc.);
ILAG holds diverse business interests across several Western countries (notably, ILAG had financed the Aragvi Hydropower Plant in Georgia).
Brochure
The aim of Bakhvi HPP company is to build renewable energy hydropower plants. Specifically, it focuses on developing small and medium-sized hydropower plant projects Bakhvi 1 and Bakhvi 2 using established standards of leading European countries and the best Western experience.
The Bakhvi HPP company, in collaboration with its investors, establishes a shared vision and strategy aimed at achieving material success in the project's development through the implementation of a strong value system that predominantly implies positive outcomes in managing environmental and social concerns.
Mission, Vision, Strategy
- Constructing small and medium hydropower plants, adhering to the standards recognized in leading European countries and employing the best practices from the Western world;
- Reside in the energy self-sufficient country;
- Leverage renewable energies to drive the decarbonization efforts that is one of the ways to the mitigation of climate change.
- At the core of our business philosophy is a commitment to environmental, social, and economic sustainability. We undertake initiatives aimed at enhancing welfare of all individuals connected to our project, fostering their development, well-being, and creating a safe environment for them;
- Engaging in dialogue on important issues with all stakeholders and and impacted target groups thus contributing to the transparency of the project and involvement of the parties.
Safety
Priority No. 1
Teamwork
We attain success through mutual assistance, trust, and support
Ownership
We take pride in our work and hold ourselves responsible
Agility
We embrace change without fear
Decency
We treat others the way we wish to be treated ourselves
Courage
We act confidently for what matters to us
Supervisory Board
The Supervisory Board of Bakhvi HPP was established on 4 August 2022. The Board comprises a Chairman and four Independent Members, who predominantly represent investor companies.
The Supervisory Board members' extensive experience in investment management, engineering, and environmental and social governance ensures the consistent development of the Bakhvi HPP project.
Gigla Sikharulidze
Chairman of the Supervisory Board
Irakli Abaishvili
Member of the Supervisory Board
Nana Berdzenishvili
Member of the Supervisory Board
Taras Nizharadze
Member of the Supervisory Board
Our Team
The Bakhvi HPP team is composed of top-tier professionals whose expertise is reinforced by many years of experience in managing the technical, environmental, social, and governance domains. Each member of our team is equipped with all the skills necessary to deliver safe and sustainable projects that take into account the long-term interests of investors.
Giorgi Abramishvili
Director, Bakhvi HPP Company
Archil Dzeneladze
Technical Director, Bakhvi HPP Company
Andro Bregvadze
Chief Civil Engineer, Bakhvi HPP Company
Vakhtang Paresishvili
Chief Financial Officer, Bakhvi HPP Company
Mariam Vachnadze
ESG (Environmental, Social & Governance) Manager
Giorgi Gagnidze
Deputy Project Manager – Electromechanical, Bakhvi HPP Company
Corporate Management
The aim of Bakhvi HPP company is to operate using established standards and best practices of top European countries. To ensure that the company has rational, efficient, and outcome-oriented management, retains flexibility for decision-making and prompt implementation of these decisions, thus contributing to its long-term success, we've established a system to regulate labor relations between the company's management and investors, as well as between employers and employees.
Both within and outside the company responsibilities are fairly divided between the General Director and the Supervisory Board. The company's management, its General Director, are responsible for the company's corporate management and completion of day-to-day tasks. Based on negotiations with the investors, the Supervisory Board was established, comprising the founders or their representatives. The Board consists of five members. It convenes once a month for a session.
The core principles governing the company's organization of labor, administration, and relations between employees are regulated by the company's internal regulations and code of ethics. The company is managed by a General Director. The company operates five departments: Technical Affairs; Legal; Finance; Environmental, Social and Governance Affairs; and Occupational Safety.
Transparency, accountability, and business risk management form the foundation of this system.
