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EBRD approved financing of Nenskra HPP in Georgia


On January 31st the Board of Directors of the European Bank for Reconstruction and Development (EBRD) approved the financing of Nenskra Hydropower Plant project (HPP). Provision of a senior secured loan of up to EUR172.5 million (USD 214 million) to JSC Nenskra Hydro to finance the development and construction of a 280 MW Nenskra HPP, as well as provision of a EUR12.09 million (USD 15 million) equity investment in JSC Nenskra Hydro, the Nenskra HPP project company. The Nenskra HPP construction is scheduled to commence in 2018 Click here and ge/15 for tunenlbuilder archive. Visit http://www.ebrd.com and http://nenskra.ge/en. 06/18


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Beakaert Maccaferri: bm-underground.com