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Project Information
Investment ID: 12315, 37781, 33435, 601449
Bank: IFC/MIGA
Environmental Category: A
Country: Georgia
Region: Europe and Central Asia
Approval Date: None
Investment Types: Advisory services, Equity, Loans, Risk Guarantee
Total Project Cost: No recorded data on this
Total Complaints: 1
Description
The Adjaristsqali Georgia LLC (AGL) project involves the construction of a cascade of hydroelectric power plants in the Adjaristsqali region, Adjara, Georgia. The cascade was originally proposed to include three phases, namely the 185 megawatt (MW) Shuakhevi scheme, the 150MW Koromkheti scheme, and the 65MW Khertvisi scheme. The Khertvisi scheme was not pursued by AGL due to significant economic and environmental risks and Koromkheti is in early stages of development under a separate InfraVentures project. Therefore only Shuakhevi is considered 'the Project and is being developed by Adjaristsqali Georgia LLC (AGL) as a joint venture between Indias Tata Power, Norways Clean Energy Invest (40 percent each) and IFC (20 percent).
Investments
Investment Type | ID | Amount | Status | Bank | Client |
---|---|---|---|---|---|
Risk Guarantee | 12315 | USD 63.0 million | Planned | IFC | Tata Power International Pte. Ltd. |
Equity | 37781 | USD 34.0 million | Planned | IFC | Adjaristsqali Georgia LLC |
Loans | 33435 | USD 70.0 million | Planned | IFC | Adjaristsqali Georgia LLC |
Advisory services | 601449 | Unknown | Planned | IFC | Adjaristsqali Georgia LLC |
Related Complaints
IFC/MIGA CAO Complaints | IAM | Country | Date Filed | Status |
---|---|---|---|---|
AGL-01/Makhalakidzeebi | IFC CAO | Georgia | 15/02/2018 | Active |
Implementers
Name | Complaints | Dispute Resolutions | DR Successful | Compliance Reviews | Non-Compliance |
---|---|---|---|---|---|
Adjaristsqali Georgia LLC |