Energy Storage and Green Hydrogen Sector Development Program (ADB-54448-001)

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.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
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
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)
$ 75.00 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.
Loan Amount (USD)
$ 75.00 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.
Project Cost (USD)
$ 175.00 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.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Apr 9, 2024

Disclosed by Bank Oct 12, 2022

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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 ADB, the proposed sector development program (SDP), through investment and policy support, will strengthen electricity grid security, improve the regulatory framework, and pave the way for greater private sector participation in the development of energy storage and renewable energy including wind, solar, and green hydrogen. The program supports the government's goals of reforming the energy sector, enhancing cross-border electricity trading, and improving the efficiency of the transmission network, as reflected in Asian Development Bank's country partnership strategy for Georgia, 2019-2023. The program is aligned with the following operational priorities of ADB's Strategy 2030: accelerating progress in gender equality (priority 2); strengthening governance and institutional capacity (priority 6); and tackling climate change (priority 3) by fostering green economic growth and encouraging a shift to a low greenhouse gas (GHG) emission development path.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The ADB categorized the project risk as follows:

Environment B
Involuntary Resettlement B
Indigenous Peoples C
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Modality and Sources Amount ($ million: US Dollar)
ADB 75.000
Sovereign SDP - Program (Regular Loan): Ordinary capital resources 30.000
Sovereign SDP - Project (Regular Loan): Ordinary capital resources 45.000
Cofinancing 90.000
To be determined - SDP - Project loan (Partial ADB Administration) 90.000
Counterpart 10.000
Government 10.000
Total 175.000


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.

No contacts provided at the time of disclosure.

ADB Team Leader:

Adnan Tareen - Principal Energy Specialist
Murman Katsitadze - Associate Procurement Officer

Executing Agency - Ministry of Economy and Sustainable Development of Georgia:

Address: 1, Zviad Gamsakhurdia Embankment, 0114 Tbilisi, Georgia
Phone: +995 32 299 11 11 / +995 32 299 11 05
Fax: +995 32 292 15 34
Email: ministry@moesd.gov.ge
Website: http://www.moesd.gov.ge/?page=ssip&lang=en

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.

How it works

How it works