| Project Detail |
Location:
Georgia
Project number:
53307
Business sector:
Energy
Notice type:
Private
Environmental category:
A
Approval date:
17 Jul 2024
Status:
Concept Reviewed
PSD disclosed:
14 Jun 2024
Project Description
The provision of a long-term, senior A/B loan, including an A loan of up to USD 119 million, for the development, construction and operation of a wind power plant with an installed capacity of 206 MW located in the Gori and Kareli municipalities of Georgia (the Project). JSC Wind Power, a special purpose vehicle established in Georgia, will act as the borrower. Peri LLC, will act as the sponsor for the project.
Project Objectives
The project contributes to the Georgias energy security by supporting the local generation capacity, increase of which has been lagging behind the increasing energy demand.
The Project will be highly representative in terms of attracting private investment, energy supply diversification and increased use of renewables potential.
Once commissioned, the 206 MW of new renewable energy capacity is expected to annually deliver green electricity to the grid, leading to a reduction of CO2 emissions. The Project is classified as 100% GET. |
