• The long term debt financing needs are intended to be provided by 4~5 MDBs/ECAs in the form of USD senior loans.
• The loans are expected to be backed by a comprehensive security package including security over the project company's shares, assets, EPC contract and appropriate contingencies, bank accounts and insurance policies, together with direct agreements with key project parties, including the GoG. The security will be shared pari-passu amongst the long term lenders.
The Project comprises the development, construction and operation of Nenskra Hydro Power Plant with c. 280 MW of installed capacity and expected electricity output of 1,196 GWh assuming 50% load factor. The Project represents a significant infrastructural priority for the country and benefits of the highest support from the Government of Georgia (“GoG”).