MG Renewables LLC

MG Renewables LLC is rated 3 out of 5 in the category investment management. Read and write reviews about MG Renewables LLC. On 2017 March international company Meptagon Green founded MG Renewables LLC. The company’s goal is to build a portfolio of up to 60 MW of operating assets in the next 5 years in Georgia. MG Renewables qualified by ESCO, the national utility as qualified participant in the electric market. The operation in Georgia is fully supported by the Meptagon Green corporate team and by highly qualified local consultants. MG Renewables owns and runs LopotaHPP, located in Kakheti region, village Napareuli, with installed capacity 2 MW, with average yearly generation 7mln KW. In 2018 company’s plan is rehabilitation of Dzama HPP, located in Kareli region, village Zghuderi, installed capacity will be 1 MG. Dzama HPP started operating in 1956. By this period it’s not functioning. Company’s main strategy is an Acquisition of undervalued Hydro Power Assets in Georgia, developing and operating them.