News & Media

The Partnership Fund met with the BSTDB Director

Posted on: 07 Feb 2014

Roman Matkiwsky, Director of Energy and Infrastructure at the Black Sea Trade & Development Bank (BSTDB) met with The Partnership Fund management while visiting Georgia. At the meeting, Irakli Kovzanadze, Executive Director of the Partnership Fund introduced to Matkiwsky the Fund’s mission, structure and priority sectors. "The PF was established by the Georgian Government two years ago with the goal to attract investors and help with efficient corporate management of state-owned strategic assets,” Irakli Kovzanadze said and focused on the energy projects. "We have already started to implement 230 MW Combined Cycle Thermal Power Plant in Gardabani which is a "unique project.” Its efficiency will be higher by nearly two-fold compared with the other power plants operating on natural gas in Georgia. The Gardabani CCTPP will be put into operation by the end of 2015 and will generate 1.8 billion kw annually,” Kovzanadze said. According to Matkiwsky, his bank is interested in implementing projects in Georgia and the goal of his visit is to study these opportunities at the place. He made a presentation on those energy projects which is implemented in Turkey, Ukraine and Bulgaria by the support of BSTDB. "I think that the energy projects would play a significant role in developing your economy. You have very reliable location, you are Turkey’s neighboring country, which has the ever-growing demand for electricity so implementation of hydro projects will give you additional profit,” Matkiwsky said.