Bakhvi HPP

Bakhvi HPP is a development company created to implement Bakhvi 1 and Bakhvi 2 run-of-river hydropower plant projects along the Bakhvistskali River in Ozurgeti municipality. Investors of the company include CCEH (Caucasus Clean Energy Holding), Austrian Investment fund ILAG, and other field-specific 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).

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.

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 main principles related to the company’s labor organization, administration and relations between employees are regulated by the company’s bylaws and the code of ethics. The company is managed by the General Girector. There are six departments in the company: technical, legal, financial, environmental protection and social issues, public relations and labor safety. The human resources department is managed by the founding investor company.

Transparency, accountability, and business risk management form the foundation of this system. 

Human Rights

Labor Rights

Environmental Protection

Fight Against Corruption