Home News Industry News Tata Power secures additional funding for Georgian hydel project

    Tata Power secures additional funding for Georgian hydel project

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    hydropowerplantstypesTata Power has achieved financial closure for the 187 MW Adjaristsqali hydel projects in Georgia by arranging an additional US$ 250 million long-term loan, making it the largest hydel project in the East European nation. Tata Power is developing the project in association with Clean Energy Invest of Norway (40 per cent stake) and IFC InfraVentures (20 per cent). The funding has now come from IFC, ABD and EBRD. Tata Power holds the remaining stake in the US$400 million project.

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