TBCG signed an agreement with EBRD

December 29, 2019 10:00 PM AEDT | By Team Kalkine Media

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On 27^th December 2019, TBC Bank Group PLC (LON:TBCG) announces that its subsidiary, JSC TBC Bank, has signed three loan agreements with the European Bank for Reconstruction and Development (EBRD), for a total consideration of USD 23 million equivalent in Georgian Lari (GEL).
In green technology, the funding will be available for investments, especially in mitigation technologies and climate adaptation.
The financial package comprises a comprehensive technical advisory package, assisted by the Austrian Federal Ministry of Finance and co-financed by the GCF (Green Climate Fund), which will help to verify and originate green investment prospects.
Possible investments contain technologies such as photovoltaic solar panels, water efficient irrigation systems, thermal insulation, and geothermal heat pumps.
In Georgia, the businesses can recognise typical green technologies through the GEFF consultants.

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