European Bank for Reconstruction and Development (EBRD)

Locke Lord London attorney Svetlana Sorokina-Wilson advised EBRD on a project finance matter that was selected as the "2014 Best Water Project in Central and Eastern Europe" at the Project Finance Awards announced by EMEA Finance. The project entailed the construction and operation of a 108MW hydropower plant and a substation on the Tergi river in northeastern Georgia, with a total investment cost of up to $123 million, including a senior A/B loan of up to $80 million from EBRD. EBRD is an international organization owned by 64 countries, the European Union and the European Investment Bank. Formed in 1991, it helps to provide financing for banks, industries and businesses and supports entrepreneurship and open market economies in projects in more than 30 countries, including Europe, Central Asia, the Caucasus, Southern and Eastern Mediterranean, Russia and Turkey.
Posted May 28, 2015