Item 5b, presentation by the Georgian Energy Development Fund on their experience of
Cooperation with the International Financial Institutions during the GREEN Action Task Force Annual Meeting 2023.
6. Reconnaissance
Study
Pre Feasibility
Study
Feasibility
Study
Basic Design
Tender
Documentation
Construction
Operation
Rioni River
Basin
Screening
Enguri River
Basin
Screening
Alazani &
Mtkvari
River Basins
Adjara &
Guria River
Basins
Chala HPP
6 MW
Artana
Lopota HPP
10 MW
Nigoza Wind
Project
50 MW
Namakhvani
HPP Cascade
433 MW
Supsa HPP
Cascade
30 MW
Dariali HPP
108 MW
Tsablari HPP
17 MW
Shilda HPP
5 MW
Project
Development
Project
Implementation
CCGT
500 MW
Gori Wind
Farm
20 MW
JV with partners
Under GEDF’s development
Exited projects by GEDF
Potential
Wind
Projects
Torzila HPP
2 MW
Central Wind
Project
120 MW
Chordula
HPP 2MW
GEDF’s Portfolio
Udabno
Solar Project
5 MW
Borjomi HPP
12 MW
Shatili HPP
200 KW
Akhieli HPP
200 KW
Biomass Pilot
Project
Tbilisi – Guria
Schools micro
SPPs
Akhali
Samgori SPP
96 MW
Zestaponi
WPP
50 MW
Ruisi WPP
12,6 MW
Solar Project
9.9 MW
HPPs 150
MW
Sagarejo SPP
25 MW
Ninotsminda
SPP 5 MW
GEDF’s social projects
Adjara
micro SPPs
0.33 MW
Toloshi1,2/Ros
hka/Korsha
HPPs 4.4 MW
7. “Akhali Samgori” Solar Power Plant
Site Location Gardabani Municipality,
Village Akhali Samgori
Total installed capacity 50-100 MWac
Average annual generation First year generation (GWh):
196.7
Investment 87 mln $
GEDF in cooperation with Abu Dhabi Future
Energy Company “Masdar” is developing first
largest utility scale solar power plant in Georgia.
Investor’s shares: 90%
Fund’s shares: 10%
The plant will power: 40,000-80,000 homes
Emission Reduction: ~ 90,000-180,000 tons of
CO2 emissions
Job creation: 200 – 400 / Jobs during construction
8. “Nigoza” Wind Power Plant
Site Location Kartli Region
Total installed capacity 50 MW
Average annual generation 200 GWh
Investment 80 mln $
Investor: Çalık Enerji
Investor’s shares: 85 %
Fund’s shares: 15 %
Project Status: Finalized Feasibility Study
Pre – construction works will be started in the Q4,
2023.
9. Project financing
Equity:
GEDF (Minority)
Local / Foreign Investors (Majority)
Debt:
IFIs:
Dariali HPP – 108 MW on Operational stage (EBRD)
Kartli Wind Farm – 20.7 MW on Operational Stage
(EBRD)
Local Banks:
Chordula HPP – 1.95 MW on operational stage (TBC)
Toloshi 1,2/Roshka/Korsha HPPs – 4.4 MW on
construction stage (Pasha Bank)
Bank Guarantees:
Local banks
Grants & Technical assistance programs (Completed,
Ongoing, Planned)
In the recent years, up to 10 studies/projects have
been implemented within the active involvement of
the Fund.
10. GCF is a unique global platform to respond to climate change by investing in low-emission and climate-resilient
development. GCF was established by 194 governments to limit or reduce greenhouse gas (GHG) emissions in developing
countries, and to help vulnerable societies adapt to the unavoidable impacts of climate change.
GCF Accreditation
Georgian Energy Development Fund was nominated by the NDA as
national DAE to support Georgia’s projects and programs in the
renewable energy area. Through accreditation to the GCF, GEDF will be
able to support the country to access climate finance and deliver its
climate and energy related goals.