Power Rehabilitation Project

closed

The principal objectives of the Power Rehabilitation Project for Georgia are to: a) increase the operational capacity and electricity generation of the power system; b) stabilize electricity supply; b) establish Tbilsresi as a commercially independent and financially self-sufficient generation company; and c) improve the local capability and assist in project management, corporate management and commercialization and privatization of power enterprises. The project consists of the following components: a) rehabilitation of a 300 MW unit at the Gardabani thermal power plant; b) increase in working capital at Tbilsresi; and c) technical assistance to Tbilsresi for project management, corporate management and development of a privatization strategy for the company.