Dariali HPP

The EBRD is considering extending a senior A/B loan to JSC Dariali Energy (the “Borrower”) of up to USD 80 million (EUR 57 million equivalent) for the financing of the development, construction and operation of Dariali HPP, hydroelectric power plant to be located on the Tergi river in north-eastern Georgia (the “Project”). Dariali HPP will have installed capacity of 108 MW with expected electricity output of 510 GWh at P50 scenario (implied load of 54%).