🏔️ Okalmakhe HPP

Clean Energy Investment Opportunity in Upper Svaneti, Georgia

A 7.4 MW small hydropower plant designed to deliver stable, renewable electricity in one of Georgia's most energy-rich yet underutilized regions.

Explore Content
7.4 MW
Installed Capacity
28.2 GWh
Annual Output
$9.7M
Estimated CAPEX
15.92%
Target IRR
📍 Project Overview
  • 🌊 Energy Source: Okalmakhe River
  • 📍 Location: Tsalenjikha Municipality, Upper Svaneti
  • 🔌 Annual Output: ~28.2 GWh
  • 💰 Estimated CAPEX: ~$9.7 million
  • ♻️ Use Cases: Grid supply or direct off-take (industrial or crypto mining)
🌱 Investment Ready
  • ✅ Pre-feasibility studies completed
  • ✅ Dedicated land & water rights secured
  • ✅ Investment-ready financial model

⚡ Why Now? – Energy Context

Georgia is entering a pivotal moment in its energy transition. Several converging factors are driving demand and opening the market to strategic clean energy projects like Okalmakhe HPP:

🇬🇪 Growing Domestic Electricity Demand
Electricity consumption in Georgia has steadily increased due to industrial development, urbanization, and electrification of key sectors such as transport and manufacturing.
🔌 Dependence on Electricity Imports
While Georgia has strong hydropower potential, seasonal fluctuations and limited winter generation capacity have led to increasing electricity imports from neighboring countries — impacting both energy security and trade balance.
🌿 National Green Energy Agenda
The Government of Georgia is prioritizing renewable energy expansion through its 10-Year Electricity Market Development Plan, targeting increased investment in clean infrastructure and reduced reliance on fossil-fueled imports.
🟢 ESG Mandates & Carbon-Neutral Targets
Driven by international investment frameworks and local regulatory alignment with the EU Green Deal, Georgia is embracing ESG (Environmental, Social, Governance) principles. Hydropower — especially small-scale and low-impact — plays a critical role in helping the country meet net-zero commitments and attract ESG-aligned funding.

💹 Crypto Mining Synergy with Okalmakhe HPP

⚡ Powering Institutional-Scale Mining

⚡ Mining Infrastructure Capacity

Okalmakhe HPP can supply up to 7.4 MW of dedicated capacity for crypto mining operations.

🖥️ Supports ASIC miners: ~2.277 units (e.g., Antminer S19 Pro)
💪 Hash Power: Up to 250.5PH/s
🌊 Energy Source: 100% renewable hydro source
0.074
Daily BTC Production
27.0
Annual BTC Output

*Revenue shown is gross, based on energy-powered yield only. Infrastructure and operating costs excluded. *Bitcoin network difficulty adjusts every ~2 weeks, affecting production rates. Estimates based on current network conditions (July 2025). Actual production may vary due to pool luck, network changes, and operational efficiency.

💰 Annual Revenue by BTC Price
$90,000
~$2.43M/year
$100,000
~$2.7 M/year
$110,000
~$2.97M/year

🏛️ Georgia Competitive Advantages

Georgia offers 0% income tax on individual cryptocurrency profits, no VAT on crypto-to-fiat exchanges, and VAT exemption on hash power sales abroad. The country maintains one of the lowest corporate tax rates in the region (15%) with no special licensing requirements for mining operations, creating highly competitive conditions for crypto mining businesses.
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Stable energy supply
with no grid volatility
📊
Long-term PPA potential
Power Purchase Agreement opportunities
🌱
Boosts ESG compliance
with zero-carbon source
💼
Attractive for international
crypto investors seeking off-grid mining sites

🏗️ Technical Overview

Okalmakhe Small Hydropower Plant (SHPP)

📍 Location & Setup
Region: Upper Svaneti, Tsalenjikha Municipality
River System: Okalmakhe
Altitude: ~740 m above sea level
Land Rights: Secured for project zone
  • ⚡ 10 km, 35 kV transmission line
  • 🔗 Connection point: Potskhoetseri substation
  • 🔧 Step-up transformer: 6.3 kV → 35 kV, oil-cooled
  • ✅ Technical grid studies completed & positive
⚙️ Installed Capacity & Output
7.4
MW Installed Capacity
2×
Pelton-type units (3.7 MW each)
28.2
GWh/year Annual Output
43-45%
Load Factor
87%
System-wide Efficiency
~30
Months of Construction
🧱 Project Timeline
Design + Permits:
6–9 months
Construction:
18–21 months
Commissioning:
3 months
Total Duration:
~30 months

💰 Financial Overview

Robust Returns & De-risked Investment Profile

🏗️ Total Construction Cost
$9.7M
USD
Includes:
  • 📋 Feasibility, permits & engineering
  • 🏗️ Civil works & hydromechanical equipment
  • ⚡ Transmission infrastructure
  • 🛡️ Contingencies & project management
📈 Investment Metrics
15.92%
IRR
5.8
Years Payback Period
$1.58M
Annual Revenue Potential
High
EBITDA Margin
📊 Revenue Streams
  • ⚡ Grid sales at market or regulated tariff
  • 🏭 Direct offtake by crypto/industrial clients
  • 🌱 Potential upside from ESG premiums & green financing
🛡️ De-risking Highlights
  • ✔️ Hydrology & geotechnical surveys completed
  • ✔️ Land/water use rights secured
  • ✔️ Connection point confirmed (35 kV)
  • ✔️ Financial model uses conservative pricing assumptions

🤝 Iberia Water Force

Your Strategic Partner in Clean Energy Development

🏢 About Iberia Water Force LLC

Iberia Water Force LLC is a Georgian-based hydropower development consultancy firm, led by Dr. Vasil Japaridze, Doctor of Technical Sciences, a renowned expert with over 40 years of experience in hydropower planning, engineering, and execution. Driven by Dr. Japaridze’s vision to harness the power of green energy for Georgia’s sustainable development, the company specializes in the design, assessment, and strategic deployment of small and mid-scale hydropower plants (HPPs) across the Caucasus.

📑 What We Offer
  • ✔️ Ready-to-invest HPP projects with full technical and economic documentation
  • ✔️ Hydropower feasibility studies (technical, financial, environmental)
  • ✔️ Geological and hydrological investigations
  • ✔️ Permitting and licensing support
  • ✔️ Construction planning and supervision
  • ✔️ Grid connection design and coordination
🛠️ Partnership Models Available

We are open to a range of collaboration structures:

Option Description
🔁 Project Sale Full transfer of project rights with all technical documentation
🏗️ Co-Development Joint venture for construction & operational phase
⚡ Energy Sharing Model Iberia retains equity in the project & receives a share of financial income
📑 EPC / Technical Advisory We continue as technical advisor through permitting and build-out
🚀 Why Partner with Us?
🌍
Deep Local Knowledge
Regulatory insight and established relationships in Georgian energy sector
🛠️
Proven Technical Groundwork
Completed studies and documentation reduce development risk
🤝
Flexible Collaboration
Transparent partnership structures tailored to your investment strategy
🌱
Impact-Driven Infrastructure
Commitment to clean, sustainable energy development
📧
Get In Touch
Contact our team to discuss investment opportunities and detailed financial projections. Mail: info@iberiawaterforce.com
📊
Due Diligence
Access comprehensive technical specifications, financial models, and operational plans.
🤝
Partnership
Explore strategic partnerships and investment structures tailored to your requirements.