ADB Loan to Strengthen Electricity Transmission Sector in Georgia
MANILA, PHILIPPINES (21 September 2021) — The Asian Development Bank (ADB) has approved a $100 million policy-based loan to support the Government of Georgia’s efforts to strengthen its electricity transmission sector by improving the operational structure, corporate governance, and financial management of the country’s electricity transmission company and its subsidiary.

"This is a flagship program for Georgia, focusing on improving the financial and corporate governance of two major energy sector state-owned enterprises (SOEs)," said ADB Director General for Central and West Asia Yevgeniy Zhukov. "We expect this to set the path for other Georgian SOEs to follow and ADB stands ready to support the government’s broader SOE reform agenda and economic growth."

Under its Electricity Transmission Sector Reforms Program, ADB will support institutional reforms in the Joint-Stock Company Georgian State Electrosystem (GSE), helping to transform it into a modern, operationally efficient, and financially sustainable corporate entity.