The Georgian Ministry of Economy has auctioned off its oldest hydropower plant, Zahesi, on the outskirts of Tbilisi for $41 million, reported Georgia Times on July 20. The new owner of the power station is the Georgian Bonaser Trading Limited company. The starting price for the bidding was $15 million. Four other companies, including the Czech Energo-Pro, participated in the auction.

In May 2007, Bonaser Trading Limited purchased 74 percent of the state shares of the Chkhor hydro power plant in the Samegrelo region for $1.5 million, as well as the Kinkisha hydro power plant in Adjara for a sum of $305,000. 

This information was originally published July 20, 2007(www.geotimes.ge).