Paravani HPP Equity

The EBRD is providing financing for construction and operation of the Paravani HPP, an 86 MW run-of-river facility, and associated electricity transmission facilities, located in Samtskhe-Javakheti region of Georgia. Financing includes both debt and equity. The power plant will be connected to a converter substation located in Akhaltsikhe, Georgia allowing for connection to the Georgian grid and seasonal electricity export to Turkey. The substation is part of the Black Sea Energy Transmission System project, which is also being financed by the Bank.