Nenskra HPP

Provision of a senior secured loan to JSC Nenskra Hydro to finance the development and construction of a 280 MW Nenskra HPP on the Nenskra and Nakra rivers in the Svaneti region in north-western Georgia. The loan supports JSC Nenskra Hydro (the Borrower) in the development and construction of a hydro power plant with the total installed capacity of 280 MW on the Nenskra and Nakra rivers in the Svaneti region in north-western Georgia. The Project is in line with the Green Economy Transition (GET) initiative of the Bank as it will deliver on the objective of reducing greenhouse gas emissions from electricity generation, which is a key priority of Bank's GET approach.