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Home / Economy / EBRD to Allocate 28 million EUR for Enguri HPP Rehabilitation
EBRD to Allocate 28 million EUR for Enguri HPP Rehabilitation

EBRD to Allocate 28 million EUR for Enguri HPP Rehabilitation

On January 5 Government of Georgia and European Bank for Reconstruction and Development (EBRD) have signed an agreement for financing Enguri HPP Rehabilitation Project – Sustainable Development for Climate Conditions.

The document was signed by Minster of Finance Mamuka Bakhtadze and EBRD regional director in the Caucasus, Moldova and Belarus Bruno Balvanera.

According to the agreement, EBRD will allocate 28 million EUR financial resource to Georgia for Enguri HPP rehabilitation.