The IFC will provide 40.5 million dollars, and the EBRD - 52 million dollars for the Georgia-Urban Energy company, a subsidiary of the Turkish holding Anadolu Endustri, and will carry an additional $ 23 million syndication from commercial banks. The hydropower plant Paravani with a capacity of 87 megawatts is the first investment of the IFC and EBRD in the field of Georgian energy sector, Business Georgia reports.
The CFO of the Anadolu Group. Hursita Zorlu, the Paravani project will increase opportunities for generating the renewable energy in Anatolia. He also noted that the Turkish electricity market will also benefit from this project.
International banks to finance hydropower projects in Georgia
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