Bank of Georgia takes €15m loan from Green for Growth Fund
Bank of Georgia has received a €15m senior loan facility from Green for Growth Fund (GGF) that will be used to finance energy efficient construction projects in Tbilisi.
Bank of Georgia Group
5,290.00p
16:40 25/04/24
The investment is expected to result in primary energy savings of more than 20% for energy compared to conventional buildings.
"We are very pleased to get started in Georgia through a partnership with the market leader who is also investing in the development of energy efficient apartments and firmly committed to promoting energy efficient projects in Georgia," chairman of GGF Christopher Knowles commented.
Bank of Georgia said supporting friendly programmes had been central to its sustainability agenda for a number of years and that it was "delighted to be joining efforts GGF to achieve enhanced energy efficiency in Georgia".