Energy Supply Reliability and Financial Recovery

Abstract*

The development objective of the Energy Supply Reliability and Financial Recovery Project for Georgia are to increase electricity supply reliability in the western part of Georgia,achieve the financial viability of Georgian State Electrosystem (GSE), and help it access long‐term commercial financing.It has three components. First component,Strengthening of the power transmission network will also help to address the climate vulnerability risk due... Show More

Development Objective

The objectives of the Project are to increase electricity supply reliability in the western part of Georgia, achieve the financial viability of GSE, and help it access long-term commercial financing.

Key Details

Project Details

Project ID
P169117
Status
Active
Team Leader
Florian Kitt
Borrower 2
Georgia

Country
Georgia
Disclosure Date
November 28, 2018
Approval Date
(as of board presentation)
May 23, 2019
Effective Date
November 28, 2019

Total Project Cost 1
US$ 172.70 million
Implementing Agency
Georgian State Electrosystem
Region
Europe and Central Asia
Fiscal Year 3
2019

Commitment Amount
US$ 70.70 million
Environmental Category
N/A
Last Update Date
February 28, 2024
Closing Date
December 31, 2025

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

Associated Projects
P170552

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change46%
- FY17 - Adaptation1%
- FY17 - Mitigation45%
FY17 - Energy99%
- FY17 - Access to Energy91%
- FY17 - Energy Policies & Reform8%

FY17 - Finance

FY17 - Finance for Development2%
- FY17 - Infrastructure Finance2%

FY17 - Private Sector Development

FY17 - ICT7%
- FY17 - ICT Solutions7%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IBRD Guarantee	50.00
International Bank for Reconstruction and Development	70.70
Borrower/Recipient	2.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	70.70
IDA Commitment	N/A
IBRD + IDA Commitment	70.70

Lending Instrument
Grant Amount	N/A
Total Project Cost**	172.70

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 11, 2023	IBRD-89520	Loan Disb	1,231,881.00
Oct 25, 2022	IBRD-89520	Loan Disb	492,579.60
Jan 25, 2023	IBRD-89520	Loan Disb	231,587.94
Feb 14, 2023	IBRD-89520	Loan Disb	1,012,762.56
Feb 14, 2024	IBRD-89520	Loan Disb	349,196.62
Feb 12, 2024	IBRD-89520	Loan Disb	323,085.00
Jan 2, 2024	IBRD-89520	Loan Disb	1,539,014.50
May 23, 2019	IBRD-89520	Loan Commitment	70,700,000.00
Oct 30, 2023	IBRD-89520	Loan Disb	244,842.81
Dec 27, 2023	IBRD-89520	Loan Disb	2,880,378.00
Nov 15, 2023	IBRD-89520	Int Charges	147.61
Nov 15, 2023	IBRD-89520	Int Charges	1,971.67
Nov 15, 2023	IBRD-89520	Int Charges	50,265.42
Nov 15, 2023	IBRD-89520	Int Charges	684,983.50
Dec 18, 2023	IBRD-89520	Loan Disb	247,913.61
May 15, 2023	IBRD-89520	Int Charges	3,163.27
May 15, 2023	IBRD-89520	Int Charges	54,765.53
May 15, 2023	IBRD-89520	Int Charges	412,176.80
May 15, 2023	IBRD-89520	Int Charges	983.04
Aug 26, 2024	IBRD-89520	Loan Disb	446,860.00
Feb 5, 2024	IBRD-89520	Loan Disb	250,043.12
Jul 18, 2024	IBRD-89520	Loan Disb	1,479,091.90
Jun 27, 2024	IBRD-89520	Loan Disb	429,874.72
May 21, 2024	IBRD-89520	Loan Disb	1,493,783.90
May 15, 2024	IBRD-89520	Int Charges	27.45
May 15, 2024	IBRD-89520	Int Charges	516.14
May 15, 2024	IBRD-89520	Int Charges	43,506.17
May 15, 2024	IBRD-89520	Int Charges	867,837.60
Dec 29, 2020	IBRD-89520	Loan Disb	2,052,056.90
Aug 21, 2020	IBRD-89520	Loan Disb	590,150.00
Nov 17, 2020	IBRD-89520	Loan Disb	805,909.20
Nov 17, 2020	IBRD-89520	Loan Disb	2,810,479.20
May 15, 2020	IBRD-89520	Int Charges	715.75
May 15, 2020	IBRD-89520	Int Charges	124,494.31
Nov 28, 2019	IBRD-89520	Loan Disb	170,546.50
Nov 28, 2019	IBRD-89520	Fee Charges	170,546.50
May 31, 2022	IBRD-89520	Loan Disb	1,057,146.60
Nov 15, 2021	IBRD-89520	Int Charges	79,553.43
Nov 15, 2021	IBRD-89520	Int Charges	29,372.38
May 15, 2022	IBRD-89520	Int Charges	69,831.00
May 15, 2022	IBRD-89520	Int Charges	28,465.52
Apr 22, 2022	IBRD-89520	Loan Disb	1,757,025.90
Jul 5, 2022	IBRD-89520	Loan Disb	440,908.53
Nov 15, 2021	IBRD-89520	Loan Disb	497,602.30
Nov 15, 2021	IBRD-89520	Int Charges	17.19
Nov 15, 2021	IBRD-89520	Int Charges	35.10
May 10, 2021	IBRD-89520	Loan Disb	533,175.30
Nov 15, 2020	IBRD-89520	Int Charges	91,512.66
Nov 15, 2020	IBRD-89520	Int Charges	2,606.09
May 15, 2021	IBRD-89520	Int Charges	84,479.99
May 15, 2021	IBRD-89520	Int Charges	26,022.62
Jan 5, 2021	IBRD-89520	Loan Disb	1,303,572.60
Oct 7, 2022	IBRD-89520	Loan Disb	364,943.62
Oct 21, 2022	IBRD-89520	Loan Disb	1,774,264.80
Oct 5, 2022	IBRD-89520	Loan Disb	1,024,720.44
Oct 5, 2022	IBRD-89520	Loan Disb	410,166.70
Dec 1, 2022	IBRD-89520	Loan Disb	438,491.94
Nov 15, 2022	IBRD-89520	Int Charges	266.46
Nov 15, 2022	IBRD-89520	Int Charges	511.57
Nov 15, 2022	IBRD-89520	Int Charges	65,720.41
Nov 15, 2022	IBRD-89520	Int Charges	61,980.33
Nov 9, 2022	IBRD-89520	Loan Disb	357,315.44
Dec 23, 2022	IBRD-89520	Loan Disb	5,214,073.50
Dec 28, 2022	IBRD-89520	Loan Disb	1,002,546.00
Dec 21, 2021	IBRD-89520	Loan Disb	366,803.94
Aug 25, 2022	IBRD-89520	Loan Disb	707,230.44
Jun 28, 2022	IBRD-89520	Loan Disb	345,650.56
Jun 28, 2022	IBRD-89520	Loan Disb	227,581.90
May 25, 2023	IBRD-89520	Loan Disb	642,690.70
Aug 22, 2023	IBRD-89520	Loan Disb	994,206.60
Dec 29, 2022	IBRD-89520	Loan Disb	-1,001,645.30
Mar 15, 2023	IBRD-89520	Loan Disb	266,938.80

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Satisfactory	2024-10-22
Project Management	Moderately Unsatisfactory	2024-10-22
Monitoring and Evaluation	Moderately Satisfactory	2024-10-22
Financial Management	Satisfactory	2024-10-22
Progress towards achievement of PDO	Moderately Unsatisfactory	2024-10-22
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2024-10-22

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of end-user outages caused by failures of 500 kV OHLs in the western part of Georgia Value 4.00 2.00 0.00
Date December 31, 2018 December 31, 2022 December 31, 2025
Comment
End of GSE rehabilitation regime Value No Yes Yes
Date December 31, 2018 February 28, 2024 September 30, 2020
Comment
Long-term commercial financing mobilized Value 0.00 0.00 100000000.00
Date December 31, 2018 December 31, 2023 December 31, 2025
Comment
Average annual duration of end-user outages caused by failures of 500 kV OHLs in the western part of Georgia Value 161.00 24.00 0.00
Date December 31, 2018 December 31, 2022 December 31, 2025
Comment
Reduction of cash deficit of GSE Value 3064460.00 0.00 0.00
Date December 31, 2017 December 31, 2023 June 30, 2021
Comment

Improved decision-making on new investments in power transmission network as a result of institutional strengthening	Value	New investments in power transmission network are	New investments in power transmission network are	New investments in power transmission network are
	Date	December 31, 2018	December 31, 2023	December 31, 2025
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Jvari-Tskaltubo 500 kV OHL constructed Value 0.00 0.00 77.00
Date December 31, 2018 July 31, 2023 December 31, 2025
Comment
Adequately staffed Environmental and Social Unit is established and maintained at GSE Value No Yes Yes
Date December 31, 2018 July 31, 2023 December 31, 2019
Comment
Closure of the transaction to raise commercial financing Value No No Yes
Date December 31, 2018 July 31, 2023 December 31, 2025
Comment
500/220 kV Tskaltubo substation constructed Value No No Yes
Date December 31, 2018 July 31, 2023 December 31, 2025
Comment
Mechanism is introduced to reduce or eliminate exposure of GSE to FX risks Value No No Yes
Date December 31, 2018 July 31, 2023 December 31, 2025
Comment
GSE is issued a credit rating by an international reputable rating agency Value No No Yes
Date December 31, 2018 July 31, 2023 December 31, 2025
Comment
Percentage of grievances recorded by the Project and resolved within a two-week period Value 0.00 100.00 100.00
Date December 31, 2018 July 31, 2023 December 31, 2025
Comment
Percentage of citizens who believe that the project has established effective engagement processes Value 0.00 90.00 75.00
Date December 31, 2018 July 31, 2023 December 31, 2025
Comment
Increase in demand for gender-based violence support services in project regions Value 0.00 0.00 10.00
Date December 31, 2018 July 31, 2023 December 31, 2025
Comment

Number of end-user outages caused by failures of 500 kV OHLs in the western part of Georgia	Value	4.00	2.00	0.00
	Date	December 31, 2018	December 31, 2022	December 31, 2025
	Comment

End of GSE rehabilitation regime	Value	No	Yes	Yes
	Date	December 31, 2018	February 28, 2024	September 30, 2020
	Comment

Average annual duration of end-user outages caused by failures of 500 kV OHLs in the western part of Georgia	Value	161.00	24.00	0.00
	Date	December 31, 2018	December 31, 2022	December 31, 2025
	Comment

Reduction of cash deficit of GSE	Value	3064460.00	0.00	0.00
	Date	December 31, 2017	December 31, 2023	June 30, 2021
	Comment

Jvari-Tskaltubo 500 kV OHL constructed	Value	0.00	0.00	77.00
	Date	December 31, 2018	July 31, 2023	December 31, 2025
	Comment

Energy Supply Reliability and Financial Recovery

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS