MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

Deputy Minister of Economy and Sustainable Development of Georgia Mr. Giorgi Chikovani, General Director of Georgian State Electrosystem (GSE) Mr. Sulkhan Zumburidze and KfW representative Mr. Hans Rieck have signed a Financing and Project Implementing Agreement on the “Extension of the Georgian Transmission Network”. 

 The EU through its Neighborhood Investment Facility (NIF) provided a EUR 9,9 mln (approx GEL 28 mln) grant to support the program on “Extension of the Georgian Transmission Network”, co-financed by KfW; The aim of the program is to: provide grid infrastructure for promotion of net integration of hydropower plants (HPPs),  Increase transmission capacities, including cross-border trade and  improve security of energy supply of Georgia.

The program consists of the following components: Tskaltubo-Akhaltsikhe-Tortum Connection, reinforcement of transmission infrastructure in Guria, construction of North Ring, reinforcement of Kakheti transmission infrastructure.

KfW´s activities in Georgia started already in 1993. Since then more than EUR 750 million have been invested in different sectors, among them are energy, financial, municipal infrastructure, environment and health sectors. More than 50% of the whole investment (EUR 400 million) is attributed to the energy sector of Georgia.