Georgia to receive loan from German bank to develop hydroelectric power Georgian Energy Minister Kakha Kaladze, Director of the Bank of Georgia Irakli Gilauri and Director of the Caucasus Regional Office of the German KfW bank Lars Oermann held a meeting aimed at promoting the development of the energy sector.The loan agreement for 25 million euros was signed between the Bank of Georgia and KfW. It allows interested investors to take advantage of long-term financing for projects in the field of renewable energy, mainly for the construction and rehabilitation of small hydropower plants, Trend reports.
Georgian Energy Minister Kakha Kaladze, Director of the Bank of Georgia Irakli Gilauri and Director of the Caucasus Regional Office of the German KfW bank Lars Oermann held a meeting aimed at promoting the development of the energy sector.
The loan agreement for 25 million euros was signed between the Bank of Georgia and KfW. It allows interested investors to take advantage of long-term financing for projects in the field of renewable energy, mainly for the construction and rehabilitation of small hydropower plants, Trend reports.
