599817 - Nenskra Hydropower Project

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Summary of Advisory Services Project Information

Project Number

599817

Primary Business Area

Public-Private Partnerships Transaction Advisory

Disclosure Date

Jan 22, 2014

Country

Georgia

Region

Europe

IFC Approval Date

Dec 16, 2013

Status

Hold

Estimated Total Budget

$1,389,845.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jun 30, 2016

Project Description

The Nenskra HPP is a high-head 210MW hydropower project on the Nenskra River in the Svaneti District of NW Georgia. The project was initially conceived in 2009 and 2010 through various visits to the project area culminating in a Pre-Feasibility Study produced in March 2010, and a detailed Feasibility Study produced in May 2011 by Swiss Engineering consulting firm Stucky. The preliminary environmental studies were carried out during the feasibility study. The main project components are expected to comprise a 135m high, asphalt-core rockfill dam on the upper Nenskra river creating a live storage of about 182million m3. The dam will capture the flows of the Nenskra River and the adjacent Nakra river upstream of the existing Khudoni HPP reservoir, exploiting the available head of 725m. The Nakra River is connected to the main scheme through a 4.5m diameter free-flow tunnel of 12.4km. The power waterway comprises a segmental lined headrace tunnel of 15.1km, 4.5 m diameter, pressure shaft and penstock totaling 1580m. The surface powerhouse is located on the left side of the river and houses 3x70MW pelton units. A 5yr construction schedule has been elaborated for completing the project. The project should be capable of providing a total / firm energy generation of 1194/927GWh/y, 264 GWh of guaranteed full supply in the three winter months. The total investment is expected to be ~450Mio USD.

Development Results

Indicator	Calendar Year 2020 Results	Cumulative Results as of 2020
Number of agreements (concession, etc.) signed	Not Available	2

E&S Risks / Impacts and Mitigation

Performance Standard	Description and Potential Impact	Mitigation
PS 5. Land Acquisition and Involuntary Resettlement	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 2. Labor and Working Conditions	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 8. Cultural Heritage	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 3. Resource Efficiency and Pollution Prevention	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 6. Biodiversity Conservation and Sustainable Management of Living Natural Resources	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.	FC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 1. Assessment and Management of Environmental and Social Risks and Impacts	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.
PS 4. Community Health, Safety and Security	As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.	IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards. An update on the mitigation measures will be provided when the project has been awarded and the relevant contracts have been signed.

This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein.
It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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