EBRD offers $28m loan for modernisation of Enguri hydroelectric plant in Georgia

The European Bank for Reconstruction and Development (EBRD) is offering €28m loan for the modernisation and rehabilitation of the Enguri hydro power plant, the largest electricity supplier in Georgia. The sovereign loan, extended to the plant’s operating company Engurhesi Ltd, will finance investments to ensure the continued safe operation of the plant, increase overall electricity […]

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Phase IV financing secured for rehab at Enguri hydropower project in Georgia

Loans and grants totaling about US$42.4 million are being extended to Engurhesi Ltd to complete Phase IV of the rehabilitation and modernization project at its 1,250-MW Enguri hydropower plant on Enguri River in Georgia. Engurhesi is the state-owned company responsible for operating the Enguri hydropower plant and the 245-MW Vardnili hydroelectric cascade, which consists of the 125-MW […]

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EU Allocates €9.9 mln for Extension of Georgian Transmission Network

The European Union, through its Neighborhood Investment Facility (NIF), provided a €9.9 million (GEL 28 million) grant to support the program on “Extension of the Georgian Transmission Network”, co-financed by the German government-owned development bank KfW. Deputy Minister of Economy of Georgia, Giorgi Chikovani; General Director of Georgian State Electro system (GSE), Sulkhan Zumburidze; and […]

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EU offers almost €10m for Georgia’s electric transmission development

The European Union (EU) is providing €9.9 million grant to provide grid infrastructure for promotion of net integration of hydropower plants, increase transmission capacities, including cross-border trade and improve security of energy supply of Georgia. The EU is offering this grant through its Neighbourhood Investment Facility (NIF) to support the program on “Extension of the […]

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The Costs and Benefits of Hydropower

Damming rivers may seem like a clean and easy solution for Albania and other energy-hungry countries. But the devil is in the details On an early spring evening in southwestern Albania, Taulant Hazizaj walks between silver-gray olive trees near the Vjosa River. Farms sprawl over the wide river valley, swatches of irrigated green giving way […]

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The delegation from Kazakhstan will take part in the Congress

The delegation from Kazakhstan will take part in the 2nd International Congress and Exhibition “Hydropower Caspian and Central Asia” (14-15 February 2018, Tbilisi, Georgia). The confirmed delegations include: top-management of Samruk-Energo Company, Ust-Kamenogorsk HPP, Shulbinskaya HPP.

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10m GEL hydro power plant to be built in eastern Georgia

Georgian Water and Powers has commenced the construction of Bodorna hydropower plant (HPP) near Bodorna reservoir, in Georgia’s Dusheti municipality today. Georgia’s Economy Minister Dimitry Kumsishvili participated in the HPP construction launch ceremony and highlighted that this will be an ecologically clean and so-called “green HPP”, which has a minimal impact on the environment. A […]

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Iran Power Export to Pakistan Up 5%

Iran’s electricity supply to Pakistan increased by around 5% in fiscal 2016-17 (ended on March 20) compared to the previous fiscal. “A total of 482 million kilowatt-hours of electricity were exported to Pakistan via three transmission lines,” Mohebali Qazaq-Jahed, managing director of Regional Electricity Company of Sistan-Baluchestan, was quoted as saying by Mehr News Agency […]

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So far so good for new Asian infrastructure investment bank

Slowly but surely the Asian Infrastructure Investment Bank (AIIB) has been going about its business, turning sceptics into believers. Afghanistan recently became the 80th full member of the Chinese-backed initiative, widely seen as Beijing’s alternative to the US-dominated World Bank and the Japan-led Asian Development Bank (ADB). After nearly two years, the AIIB has approved […]

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Iran ready to help bolster Kyrgyzstan’s hydropower sector

Kyrgyzstan’s hydroelectric power sector could receive a boost from the government of Iran, per a statement made by Iranian Foreign Minister Mohammad Javad Zarif during a joint press conference held yesterday. “The Islamic Republic enjoys much success in building dams and power plants, and can help the government in Bishkek in this field,” Zarif said. […]

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