Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Georgia

Geographic location where the impacts of the investment may be experienced.

Specific Location

Tsalenjikha, Jvari

Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 13, 2023

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Government of Georgia

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Hydropower

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 29.57 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 28
Converted using 2023-09-28 exchange rate.

Loan Amount (USD)

$ 29.57 million

Project Cost (USD)

$ 36.97 million

Other Related Projects

EBRD-49649 Enguri HPP Climate Resilience Upgrade

Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 16, 2024

Disclosed by Bank Sep 28, 2023

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the Project aims to improve safety and reliability of Enguri HPP and to enhance the environmental benefits of the facility.

The project is targeting further improvements to the reliability and operational performance of the Enguri power plant through implementation of the following programme: (i) structural stability works of the Enguri dam, (ii) next phase of the rehabilitation of the headrace tunnel, (iii) supplying current transformers, generator circuit-breakers, relay protection and automation system to the plant, (iv) installation of the emergency valve on one turbine penstock, (v) road rehabilitation required for daily monitoring of the dam, and (vi) construction of the fish passage to improve downstream flow of the Enguri river.

The Borrower is Georgia that will on-lend to Engurhesi Ltd, a state-owned special purpose company that owns and operates Enguri HPP.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated on the company's website, the legal form of the Enguri Hydropower Plant is a limited liability company. The founding partner is the state represented by the Ministry of Economics and Sustainable Development of Georgia. Accordingly, the share of the state in the capital of Enguri LTD is 100%.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Engurhesi Ltd	Contractor	Energy

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Implementing Agency - Engurhesi LTD:

Email: info@engurhesi.ge
Phone: +995 32 2 18 80 11
Address: 8 Ana Politkovskaia Street, Tbilisi 0186, Georgia
Website: www.engurhesi.ge

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html