Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Saturday, August 19, 2017

Hydrolea CEO sees potential for growth in Georgia's hydropower industry

The European Bank for Reconstruction and Development (EBRD) published a personal account on Friday by Radoslav Dudolenski, CEO of Hydrolea, who said Georgia's hydropower industry is showing growth potential.


Dudolenski is a Bulgarian native who came to Georgia at a time when decades of little development and investment left the Georgian energy sector unstable and prone to blackouts. He moved to Georgia to take the helm of Hydrolea in 2006. Since then, investments in the energy sector have grown, and services have improved dramatically. 


After government reforms and overall privatization of energy generation, investors began to show interest. Currently, Hydrolea focuses on the domestic market, but exports to Turkey and Armenia are beginning to grow as well. 


"My home country, Bulgaria, has been able to overcome a lot since the 1990s, and I hope for the same for Georgia," Dudolenski said. "I want to see rising incomes. As an electricity producer, I want people to be able to afford more in their life and to have no worries about paying for electricity."


Dudolenski said hydropower has spurred job creation and improved infrastructure.

Organizations in this story

European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom

Get notified the next time we write about European Bank for Reconstruction and Development!