World Bank supports power project in Georgia

The World Bank has approved funding worth $60 million (£35.8m) to help finance a power project in Georgia (pictured). The ‘Transmission Grid Strengthening Project for Georgia’ aims to provide reliable […]

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By Priyanka Shrestha

The World Bank has approved funding worth $60 million (£35.8m) to help finance a power project in Georgia (pictured).

The ‘Transmission Grid Strengthening Project for Georgia’ aims to provide reliable power transmission to the southwest part of the grid, environmentally and socially sustainable electricity sector planning and upgrade electricity exchange systems.

The new transmission line is expected to connect the planned Adjaristsqali River hydropower plants to the grid, giving consumers a more secure and reliable clean energy supply.

Joseph Melitauri, World Bank Team Leader for the Transmission Grid Strengthening Project said: “The Georgian economy needs affordable, reliable and clean sources of power. Georgia is endowed with untapped hydropower potential, which is comparable to that of the leading hydropower producing countries in the world.

“The project will enable more secure and reliable supply of power to Georgia and Adjara region in particular.”