Program for the Promotion of Renewable Energies II - Georgia

HPP Bakhtvi weir

Country: Georgia

Project period: 11/2013 - 08/2018

Client: Bank of Georgia

Investment amount: EUR 1,090,600 (consulting)


The Technical Assistance (TA) project aims to implement a Programme to establish a credit line at the Bank of Georgia (BoG) and to enhance the investments in the development and rehabilitation of small and medium hydropower plants in Georgia. The TA comprises 2 components, namely i) SHPP Component to support project developers, owners and operators of SHPP eligible under the Program in realizing their respective construction, rehabilitation, or expansion project; and ii) Banking Component to support BoG with a focus on support in the evaluation of credit applications against the Programme’s criteria but also to assist BoG in developing procedures for longer term lending operations for infrastructure projects as well as the enhancement of BoG’s capacity to monitor and manage credit risks.

The outcome of the project shall be at least 3 SHPP projects implemented and a sustainable know-ledge transfer to BoG strenghting its capacity in financing infrastructure projects.

The Programme as well as the TA is financed by KfW and the Austrian Development Bank (OeEB).

Services provided:
  • Establishing the final eligibility criteria for the Programme
  • Technical review and assessment of project applications
  • Preliminary and final design review and assistance
  • Implementation planning
  • Procurement assistance

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