According to the Bank's website, the project provides funding to the ENGURHESI LTD to finance the reconstruction of Vardnili 2, 3 & 4 hydro power plants adding up to 123MW to the Enguri-Vardnili Hydro Cascade. The project is the reconstruction of three-41MW power plants and associated large diversion dams Vardnili HPPs 2, 3 & 4 located on a 25km artificial channel connecting the Enguri and Gali reservoirs to the Black Sea.
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