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LOANS & CREDITS May 23, 2019

Georgia Energy Supply Reliability and Financial Recovery Project

WASHINGTON, May 23, 2019 - The World Bank’s Board of Executive Directors today approved the following project:

Georgia Energy Supply Reliability and Financial Recovery Project

IBRD Credit: EUR 62 million loan, and IBRD Guarentee of US$ 50 million equivalent

Terms: Grace = 14 years, Maturity = 24 years

Project ID: P169117

Project Description: to increase electricity supply reliability in the western part of Georgia, achieve the financial viability of Georgia State Electrosystem (GSE), and help it access long-term commercial financing. 

For more information, please visit: http://projects.worldbank.org/P169117?lang=en

 


Contacts

Washington
Sona Panajyan
(+1 202) 473 9751
spanajyan@worldbank.org
Tbilisi
Inga Paichadze
(+ 995 32) 913 096
ipaichadze@worldbank.org
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