GEORGIAN WATER AND POWER LLC
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
Georgian Water and Power is a leading company on the water supply market of Georgia and South Caucasus. The company provides high quality service to the population of Tbilisi, as well as to state organizations, industrial and commercial objects.
What is our funding objective?
Funding will be used for GWP's rehabilitation of the Gardabani wastewater treatment plant, and network; new infrastructure and equipment, a metering program, two small run of the river HPP projects and refinancing.
Why do we fund this investment?
Long-term, unsecured funding is not available locally. Project has a high development impact because the repair of the water infrastructure network will lead to significant energy savings, increased water efficiency and improved service quality for the inhabitants of Tbilisi. Rehabilitation of the Gardabani WWTP will lead to wastewater compliance with EU Standards.
What is the Environmental and Social categorization rationale?
The project has an environmental and social risk category B+. The applicable Performance Standards are 1,2,3,4,6 and 8. Performance Standards 1,2,3 are applicable due to the upgrading and operation of the waste water treatment plant, and the installation of two mini water turbines. Performance standard 4 is applicable due to related impacts on communities (communities using water, and limited community exposure to construction activities). Performance standard 5 on land is not applicable, as the project does not include any requirement for new land. Performance standard 6 is applicable due to the use of fresh water, and the discharge of (cleaned) waste water, with limited impacts on biodiversity. Performance standard 7 is not applicable (no Indigenous People, other specific vulnerable groups). Performance standard 8 is applicable, as the refurbishing of the waste water treatment plant, and the installation of new mini turbines may potentially result in finding objects of cultural importance.
More investments
| Date | Total FMO financing |
|---|---|
| 9/16/2020 | USD 34.00 MLN |
- Website customer/investment
- http://www.gwp.ge
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 8/15/2017
- End date
- 9/16/2020
- Total FMO financing
- USD 6.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+