Press Releases

KALA CAPITAL ACQUIRES SAKHYDROENERGOMSHENI
Company plans to address Georgia’s growing infrastructure needs 

Tbilisi, Georgia – January 18, 2008 -- Kala Capital today announced that is has acquired JSC “Sakhydroenergomsheni.”

Incorporated in 1936 to provide hydraulic structure and hydropower generation system constructions in Georgia, Sakhydroenergomsheni has built 22 large and medium size Hydro Power Plants with the total installed capacity more than 2500 MW (with 8.5 billion kwh annual generation).

In addition to constructing hydro and thermal power facilities, Sakhydroenergomsheni has built national highways, traffic tunnels, water supply and sewage facilities, industrial enterprises, etc.

“Sakhydroenergomsheni is the leading construction company in Georgia,” said, Zurab Nogaildeli, Chairman, Kala Capital. Their projects have included some of the country’s most important civil infrastructures, and their expertise in the construction of hydro power plants is of great value as hydro power becomes one of the country’s leading economic generators.”

“Kala Capital is the ideal partner to move our company forward and fully utilize our construction capabilities and infrastructure expertise to build Georgia’s cities into state-of-the-art metropolises,” said Vano Tabagari, General Director of Sakhydroenergomsheni.

The company plans to provide its expertise to build the infrastructure necessary to keep pace with Georgia’s growing economy. Sakhydroenergomsheni provides premier technical, management and other related services to develop, manage, engineer, build and operate major infrastructure projects in Georgia.

For more information on Sakhydroenergomsheni Inc please visit the company’s website: www.sakhydro.ge