Corporations and the wealthy, politically-exposed people connected to the Khudoni dam in Georgia

This briefing paper sheds light on the murky background behind the company contracted to build and operate the Khudoni hydropower plant in Georgia, Trans Electrica Limited, registered in the British Virgin Islands. Based on research of public documents such as entries in business registries and government agreements, the paper outlines the web of companies, politicallyexposed people and wealthy individuals involved in the project. An overview with additional information about the timeline for the project and different contractual arrangements follows.

The paper is meant as a starting point for further investigation into the project and to contribute to discussions about the soundness of the Khudoni hydro power plant.