Global Beer Georgia, subsidiary company of Teliani Valley, will also receive a grant of €73,000 to introduce energy efficient technologies from the EBRD’s FINTECC programme, co-funded by the Global Environmental Facility (GEF).
The grant will go towards the construction of a CO2 recovery plant which will capture the carbon dioxide released during the carbonated drinks production process.
“Georgia is famous for its wines, but good quality beer is also very popular. By starting the production of well-known brands locally, Teliani Valley will not only bring new technologies and raise production standards, but also will create local jobs and create competition in the beer sector that will result in improved price and quality. Supporting the development of the Agribusiness sector in Georgia is one of the Bank’s top strategic priorities”, – Gilles Mettetal, EBRD Director for Agribusiness says.
“We are delighted to cooperate with the EBRD that was able to support the company not only financially but also with extensive technical advice. This will play an important role in making this project successful. The new company will have new state-of the-art equipment that will be more efficient in energy consumption and will able produce high quality soft drinks and beer with competitive prices”, – Koba Chanturia Chief Executive Officer of Global Beer Georgia says.