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EBRD Provides €6.8 million to TBC Bank For construction of Renewable Energy Source

EBRD provides €6.8 million to TBC Bank that will support the development and construction of another renewable energy source resulting in a reduction of greenhouse gas emissions and Georgia’s carbon intensity.

The transition impact stems from the fact that the Project envisions development of another renewable energy generation source, thus assisting Georgia’s energy resilience goals. The project is also envisioned to result in the reduction of 13,000 tons of CO2 emissions per annum.

Transition impact under the RSF is mainly expected to derive from facilitating access to finance for SMEs, supporting their growth and competitiveness.