Doheny Global Group, a US based firm, and STUCKY Ltd, a Switzerland based firm, announce a partnership to develop hydro power facilities internationally.
Los Angeles, California (RushPRnews) 12/12/08— Doheny Global Group, a U.S. based international developer of energy facilities, together with STUCKY Ltd., a leading Switzerland based hydro power engineering and management firm established for over 80 years, announced yesterday the formation of a Strategic Partnership for the development of Hydro Power in Georgia.
Doheny will be working together with STUCKY Ltd. and the Ministry of Energy of Georgia to develop a minimum of 100 megawatts of run of the river hydro electricity plants throughout Georgia. Jacob Rheuban, Managing Partner of Doheny Global Group, commented that “We are very excited about this opportunity to bring additional green energy production to Georgia. Not only will these run of the river plants provide a low environmental impact source of power, but they will foster greater Georgian energy security.” This venture is supported strongly by both the Georgian and US governments. On October 26, 2008 United States Deputy Secretary of Commerce John Sullivan presided over the signing of the letter of intent between the Minister of Energy of Georgia, the Honorable Alexander Khetaguri and Irwin Katsof, Founding Partner of Doheny Global Group of the United States. This letter of intent provided for Doheny’s development of approximately 100 megawatts of run of river hydroelectricity generation facilities in Georgia, consisting of approximately 4 to 6 separate power stations.
Brendan Quigley, member of the STUCKY Ltd. Board of Directors since 2006 and Director for International Branches said at the official signing that “We at STUCKY are very excited about our new partnership with Doheny Global Group. The synergy that will be created by combining the extensive knowledge, expertise and abilities of our two companies will allow us to execute significant new projects and demonstrate our continued commitment to Georgia. We look forward to developing the greater sources of renewable energy that our world desperately needs.”
STUCKY Ltd. (http://www.stucky.ch) was established in Switzerland in 1926, and has completed assignments on over 100 major infrastructure projects worldwide. They have been active in Georgia since 1999 and have first hand knowledge of the Georgia hydropower sector. To consolidate their reputation in Georgia and to ensure close client relations they have recently opened a fully operational branch in Tbilisi. STUCKY-Caucasus Ltd. has been registered since July of this year and has quickly established an expanding client base.
STUCKY Ltd. is a world leader in offering engineering and consulting services in the fields of dams, hydropower, water and energy. STUCKY Ltd. has a worldwide reputation for excellence acquired over 80 years of continuous services and expertise in large dams, particularly double curvature arch dams, which were pioneered by Alfred Stucky. Headquartered in Renens, Switzerland and they are active in numerous countries, with offices and branches in France, Turkey, Algeria, Georgia and Tajikistan, with over 220 employees.
Doheny Global Group (http://www.dohenygroup.com), headquartered in the United States is active throughout the USA and Eastern Europe and in real estate development, real estate finance and energy sectors. Doheny has offices in California, USA, New York, USA, Kiev, Ukraine and soon to be opened in Tbilisi, Georgia and Islamabad, Pakistan. Doheny takes a progressive stance on providing cleaner energy, focusing on hydroelectricity and other alternative sources of energy. Further, Doheny works to promote energy security in the countries in which it operates.
Contact STUCKY Ltd:
International Branches Director
Doheny Global Group