According to Bank documents, the aim of this project is to strengthen the corporate governance and financial management of Georgia's electricity transmission company, Georgia State Electrosystem (GSE), and improve electricity market competition by supporting an independent market operator.
Reforms under this program include establishing an independent energy sector regulator, privatizing power generation and distribution assets, and introducing long-term concessions and guaranteed power purchase agreements for private investments in hydropower projects.
Ministry of Finance
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ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main