EBRD to finance Georgia's power grid modernization project
Baku, Azerbaijan, October 9
By Tamilla Mammadova – Trend:
The European Bank for Reconstruction and Development (EBRD) intends to finance Georgia's power grid modernization project, Trend reports referring to EBRD.
"The bank will provide a loan of up to 80 million euro to Georgia to support Georgian State Electrosystem (GSE). This measure will contribute to a stable, reliable, cost-effective and efficient national transmission grid as a critical component of the efficient market infrastructure and electricity trading", says the EBRD's statement.
The project aims to implement the national power grid reinforcement and enhancement investment project consisting of four main components. These components include construction of the 500kV overhead line (OHL) Tskaltubo-Akhaltisikhe-Tortum, construction of the North Ring, reinforcement of the transmission infrastructure in Guria region and reinforcement of the transmission infrastructure in Kakheti region.
The proceeds of the Bank's loan are expected to finance the North Ring component, including construction of 57 km 220kV double-circuit overhead line (OHL) Nenskra-Mestia.
Meanwhile, the loan will be will be aimed on extension of the 500kV switchyard in Jvari substation, 500/220/110kV substation Nenskra, 2km 500kV OHL Kavkasioni tie to substation Nenskra, 50 km 500kV single circuit OHL Lajanuri-Tskaltubo, 60 km 220kV double-circuit overhead line (OHL) Tskaltubo-Namakhvani-Tvishi-Lajanuri and extension of 220kV substation Tskaltubo.
The project is in line with the Green Economy Transition (GET) initiative of the Bank as it will enhance the integration of renewable sources, especially hydro and wind, into the system. The project will also contribute to the resilience of the Georgian power sector by improving security of supply.