According to the Bank's website, the project provides funding to the Georgia Global Utilities JSC to refinance all debt at GGU's hydropower and wind power plants and to invest in capital expenditure program for the water and waste water business.
Georgia Global Utilities JSC (GCU) manages the renewable energy and water utility business of London-listed investment company Georgia Capital PLC. GGU through its subsidiaries operates 220MW of hydropower plants and owns the only operational (21MW) wind power plant in the country. In addition, GGU fully owns Georgian Water & Power LLC, the sole provider of water and wastewater services in the capital city of Georgia, Tbilisi.
Project contacts not provided at the time of disclosure
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Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism