Energy Supply Reliability and Financial Recovery (WB-P169117)

Countries
  • Georgia
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 30, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Finance; Ministry of Economy and Sustainable Development
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Infrastructure
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, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 80.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 13, 2019

Disclosed by Bank Nov 28, 2018


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Project Description

According to Bank documents, this project provides financing to increase electricity supply reliability and improve the financial viability of the electrical transmission company. This includes the construction of the Jvari-Tskaltubo 500kv overhead transmission line and the 500kv extension for the Tskaltubo substation.

Investment Description
  • World Bank (WB)
Contact Information

World Bank
Artur Kochnakyan, Joseph Melitauri
Senior Energy Specialist

Ministry of Finance
Ivane Matchavariani
Minister
minister@mof.ge

Ministry of Economy and Sustainable Development
George Kobulia
Minister
ministry@moesd.gov.ge

Georgian State Electrosystem
David Tvalabeishvili
Chairman of Management Board
info@gse.com.ge 

ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.