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ADB to allocate $ 48 million to Georgia for developing energy sector

Oil&Gas Materials 21 March 2013 09:14 (UTC +04:00)
Georgia and Asian Development Bank (ADB) will formalize an agreement on allocating a loan to develop the energy sector on Wednesday.
ADB to allocate $ 48 million to Georgia for developing energy sector

Georgia, Tbilisi, March 21 / Trend N. Kirtzkhalia /

Georgia and Asian Development Bank (ADB) will formalize an agreement on allocating a loan to develop the energy sector on Wednesday.

The Georgian Finance Ministry told Trend that Georgia and ADB will sign an agreement on allocating $ 48 million to improve and further develop the electricity transmission infrastructure in Georgia.

The agreement will be signed by Georgian Finance Minister Nodar Khaduri and vice-president of the Asian Development Bank Zhao Xiao.

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