The Korea Water Resources Corporation (K-water) has started the construction of a hydroelectric dam in Georgia. The US$870 million hydroelectric power plant will be built on the Nenskra River in the northwestern part of the country. The power plant, which is planned to be completed by November 2020, when operational, will generate 280 MW of electricity. The amount is expected to meet the electric consumption needs of 580,000 people. All the power will be supplied to Georgia, which has been suffering from a chronic shortage of electricity during winters because of soaring heating demands and it has been buying electricity at higher prices from Turkey and other neighbouring countries. K-Water signed a build-operatetransfer contract with the Georgian government, which will see the company operate the plant for 36 years and then transfer its ownership to Georgia.