Quick Facts

Where the impacts of the investment may be experienced.
  • Georgia
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Development Bank (ADB)
  • Asian Infrastructure Investment Bank (AIIB)
  • European Bank for Reconstruction and Development (EBRD)
  • European Investment Bank (EIB)
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.
Board Decision Date: 2017-11-29
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 or Client: JSC Nenskra Hydro
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Construction
  • Energy
  • Hydropower
Investment Type(s): Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 15.00 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): $ 1,083.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-12-01
Disclosure Date: 2017-10-24
Nenskra HPP Portage

Project Description
This project provides an equity investment in JSC Nenskra Hydro to finance the development and construction of a 280 MW Nenskra HPP on the Nenskra and Nakra rivers in the Svaneti region in north-western Georgia.
Investment Description
Private Actors
Korean Water Resources Corporation (K-Water) is a state-owned company.
Contact Information
Young-Tak Choi +995-322-43-0419 nenskra.ge Floor 4-5 Green Building #6 Marjanishvili street 0102 Tbilisi, Georgia ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.
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