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Home » Finance » EBRD Allocates €28m Loan for Enguri Hydropower Plant Modernization in Georgia
Finance

EBRD Allocates €28m Loan for Enguri Hydropower Plant Modernization in Georgia

By Piers HarrettFebruary 18, 20242 Mins Read
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Credit: EBRD
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In a bid to enhance the infrastructure of Georgia's Enguri hydropower plant, the European Bank for Reconstruction and Development (EBRD) has announced a sovereign loan amounting to €28 million. This financial support, directed towards the operating company Engurhesi, will be supplemented by a €7.05 million grant from the European Union (EU). The allocated funds are

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