Formal opening for 87 MW Paravani project

摘要

Energy officials from Georgia and Turkey were on hand for the formal opening of the 87 MW Paravani project, being completed by Turkey's Andalou Group on Georgia's Paravani River. The European Bank for Reconstruction and Development (EBRD) hailed the event, in Samstkhle Javakheti Region near the Turkish border, after the bank lent US$54 million to Paravani, while the World Bank's International Finance Corp. (IFC) supplied a further US$40.5 million to the project. Another US$23 million for the project came from commercial bank loans.