EBRD provides €25.2 million for Georgia

10/31/20130 comentarii

The EBRD is helping to strengthen the stability and reliability of the Georgia’s transmission network, with a €25.2 million sovereign loan, which will facilitate increased trade in regional electricity and the development of renewable sources of energy in Georgia.

The loan, which is on-lent to the Georgian State Electrosystem (GSE) – the state-owned electricity transmission company – is part of a larger project that will finance the construction of a new substation in Jvari, as well as 68 km of transmission lines from the existing Kavkasioni line to Jvari and Khorga.

The project will provide a vital transmission link between Enghuri, which is the main generating asset located in the northwest of Georgia, and the main regions of consumption in the central and eastern parts of the country. The loan was signed on 25 October 2013, in the presence of various government officials, including the Minister of Finance and the Minister of Energy.

source: EBRD
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