EBRD allocates €90 mln to develop 150 km new transmission network in Georgia
The project will be implemented by the Georgian State Electrosystem and is due to be completed in summer 2026. Photo: Georgian State Electrosystem.
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The European Bank for Reconstruction and Development (EBRD) has allocated €90 million to finance the construction of 150 km long new transmission network and substations in Georgia and to strengthen the energy network in the country.
Georgian Finance Minister Ivane Matchavariani and EBRD Regional Director for the Caucasus Catarina Bjorlin Hansen signed the agreement today.
The project will include the construction of the 500 kilowatt Lajanuri-Tskaltubo and 220 kilowatt Tskaltubo-Namakhvani and Namakhvani-Tvishi-Lajanuri energy transmission lines. It will also build the Nenskra power substation and Nenskra-Mestia energy transmission line in Svaneti.
The project will be implemented by the Georgian State Electrosystem and is due to be completed in summer 2026.
The European Bank for Reconstruction and Development (EBRD) is providing a €5 million loan to improve public transport and services in the Georgian popular ski resort of Bakuriani.
The European Bank for Reconstruction and Development (EBRD) will allocate €90 million to finance a project which aims to strengthen the energy network in Georgia and to construct energy transmission lines in the country.
The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) will provide a €75 million sovereign loan to modernise Tbilisi’s metro network in Georgian capital city. The EBRD will allocate €65 million while the GCF will provide €10 million, which will be spent on the acquisition of 40 modern metro cars as well as the modernisation of a depot and a tunnel.
The European Bank for Reconstruction and Development (EBRD) will allocate €80 million to help Georgia purchase compressed natural gas (CNG) buses for Tbilisi, of which €65 million will be used for purchasing buses and €15 million for building a bus depot.
The Namakhvani hydroelectric power plant (HPP) being built in the Tskaltubo municipality will provide Georgia with 12% of its electric energy needs once completed, Economy Minister Natia Turnava said earlier today while visiting the site.
The Georgian State Electrosystem (GSE) and French Development Agency have presented the results of the first generation expansion plan for 2020-2035 for Georgia’s energy system, which outlines the need for more wind and solar renewable energies and the high importance of hydroelectric power.
More than €10 million will be allocated for various projects in energy, health and food safety thanks to a new deal signed between the International Atomic Energy Agency and the Agency of Nuclear and Radiation Safety of Georgia.
Locals, activists and politicians gathered in the western Georgian town of Kutaisi to protest the construction of the Namakhvani hydro power plant (HPP) in the Imereti region.
Georgian Prime Minister Irakli Garibashvili has held an official meeting with the president of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso, during his visit to Glasgow for the UN Summit, where the importance of political stability in Georgia was emphasised following the municipal election run-offs.
The European Bank for Reconstruction and Development will finance the largest healthcare provider in the country - Georgia Healthcare Group - with $40 million, of which $15 million will be allocated to JSC Evex Hospitals, the EBRD announced on Wednesday.