EUR 125 mln for the strengthening of the Transmission Grid of Georgia
On 13 April, Minister of Finance of Georgia Dimitry Kumsishvili, German Ambassador to Georgia Heike Peitsch, General Director of Georgian State Electrosystem (GSE) Sulkhan Zumburidze and Head of the South Caucasus Regional Office of German Reconstruction Credit Bank (KfW) Klaus Veigel signed agreements to expand the Transmission Grid of Georgia.
For these purposes, the German Reconstruction Credit Bank (KfW) allocated a concessional loan of EUR 125 million. It is planned within the program to develop the transmission grid infrastructure in the region of Guria to the direction of Turkey and to implement the first phase of the so-called North Ring, which serves the integration of hydro power plants located to the north-west of Georgia into the power grid of Georgia.
According to the General Director of GSE Mr. Sulkhan Zumburidze, against the background of increased demand, it is necessary to develop new infrastructure to ensure the connection of hydro power plants under construction to the Transmission Grid of Georgia. The program is being implemented for the support of infrastructure development, which will increase the Transmission Grid capacity and reliability.