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.