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Germany to Allocate €1.2m for Strengthening Georgia’s Power System

At the head office of Georgian State Electrosystem (GSE) Sulkhan Zumburidze, head of GSE board of managers, Hans Rick, director of South Caucasus Regional Office of Reconstruction Credit Institute of Germany (KfW), and Klaus Vogel, coordinator of South Caucasus Region’s sector, signed a financial agreement.

Under which Government of Germany will allocate 1.2 million EUR grant to Georgia through Reconstruction Credit Institute of Germany (KfW).

The agreement calls for strengthening Guria transmission infrastructur of Tskaltubo-Akhaltsikhe-Torturm 500/400 Kv electricity transmission line and preparing feasibility studies for Northern Chain Tskaltubo.

Moreover, feasibility studies of North-South Energy Corridor Project was signed  for financing consultation services. The grant amount is 200 000 EUR.

“This project will arrange a strong energy chain that will strengthen stability and steadiness of power system  of our country. I would like to express deep gratitude to Government of Germany for support of such important projects in Georgia”, Sulkhan Zumburidze, head of GSE Board of Managers noted.