Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
Tbilisi, May 5 (Xinhua) — The Asian Development Bank (ADB) has provided Georgia with a 98 million euro (about 110.7 million U.S. dollars) loan for an energy conservation and clean hydrogen sector development project, the Georgian Finance Ministry said on Monday.
As specified by the department, the loan agreement was signed by the Minister of Finance of Georgia Lasha Khutsishvili and the head of the ADB Resident Mission in Georgia Leslie Berman Lam.
The project includes the installation of a climate-friendly energy storage system (BESS) at the Ksani substation in eastern Georgia, exploration of opportunities for the production and use of green hydrogen, practical training in the operation of the BESS, and exchange of technical knowledge with Georgian State Electricity System.
The implementation of the project will ensure increased sustainability, flexibility and security of the Georgian power system, improve the quality of energy supply, and contribute to the country’s energy independence.
ADB’s Georgia-related portfolio currently stands at about $5.1 billion. –0–