Hydrolea is a company specialized in the development of small-scale hydropower plants. The company has already developed, financed and built three power plants with a total installed capacity of 14.5 MW.
This loan aims to support the Georgian developer for the design, construction and operation of two run-of river hydropower plants with a total capacity of 27.2 MW: Kasleti 2 (9.2 MW) and Darchi (18 MW).
These projects are located in the municipality of Mestia in Western Georgia, near the border with Abkhazia.
The project will have impacts on the development of the region and the country by contributing to improving power infrastructure and the local and regional electricity supply in Georgia. The hydropower generation related to this project will meet local demand in winter and will contribute to exports in the summer.
This project should theoretically provide some 47,000 people with access to electricity and avoid 16,100 tCO2 of emissions every year.
It will allow Georgia to reduce its imports and improve its energy independence, while contributing to domestic GDP.
This project will thereby contribute to SDGs 7 (Affordable clean energy), 9 (Industry, innovation and infrastructure), 10 (Reduced inequalities) and 13 (Climate action).