On Saturday, an official inauguration ceremony was held by Turkish conglomerate Anadolu Group for a hydroelectric power plant on the Paravani River in Georgia which will help Turkey in addressing some of its electricity demand.
According to Ozilhan, Anadolu Group has made $350 million investments in Georgia, including the Paravani hydroelectric project.
The power plants to be constructed by Agaoglu Energy will be built over the River Paravani
and will have an annual production capacity of 277 million kWh.
Dubai Simona Paravani, London-based global investment strategist at HSBC Global Asset Management believes that estimates for 2010 corporate earnings growth remain rather optimistic, which under the current economic conditions is creating greater risk for negative surprises.
Paravani is responsible for multi-asset multi-manager solutions globally as well as the lead on the HSBC Global House Views initiative.
That is the view of HSBC global investment strategist Simona Paravani
who was visiting Bahrain yesterday to speak at an investment seminar at the Ritz-Carlton Bahrain Hotel and Spa.
recovery is robust, any pro-cyclical support for the dollar may be delayed,o Simona Paravani
, global investment strategist at HSBC Global Asset Management, said in a note to clients.
has appointed Simona Paravani as Chief Investment Officer.
Paravani steps up to this position from her previous role as Head of Global Asset Allocation Support at HSBC Investments.
In the presence of the Prime Minister of Georgia, Irakli Garibashvili, the Minister of Energy, Kakha Kaladze, and Turkey s Minister of Energy and Natural Resources, Taner Yildiz, the Paravani Hydroelectric Power Plant will be opened in Georgia on Saturday.
The plant will have a capacity of 85 MW and is located on the Paravani river in the Samstkhle Javakheti region near the border with Turkey.
2 This is the second hydro project Alstom s Turkish teams supplied in Georgia after the Paravani
hydropower plant (2 x 45,4 MW Francis turbines) project.