Program for the Promotion of Renewable Energies II - Georgia
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 Programmeâ€™s criteria but also to assist BoG in developing procedures for longer term lending operations for infrastructure projects as well as the enhancement of BoGâ€™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).
- 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