Project Details

Location: Tbilisi, Georgia
Duration:
Client: Ministry of Energy of Georgia
Budget: 35,000 €
Financier: KfW

Info: Implement a Feasibility Study for the Promotion of privately owned Small Hydro Power Plants (SHPP) in Georgia through provision of Financing, channeled through the commercial Banking Sector.

Georgia: Promotion of Renewable Energy in Georgia – Feasibility Study for the Financing of Small Hydro Plants

MACS was contracted to implement a Feasibility Study for the Promotion of privately owned Small Hydro Power Plants (SHPP) in Georgia through provision of Financing, channeled through the commercial Banking Sector. The Feasibility Study included the assessment of the technical feasibility of SHPP projects as well as the financial viability of those projects. In parallel an assessment of the commercial banks in Georgia was implemented in order to analyze the interest and readiness of the commercial banks to channel project funds for the financing of SHPP projects as well as potentially using bank funds for the financing of Renewable Energy Projects in Georgia.

The Feasibility Study formed the basis of several phases of Renewable Energy projects in Georgia

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Matthias Hitzel

Managing Director

+49 69 943188-13

matthias.hitzel@macsonline.de

Matthias Hitzel

Managing Director

+49 69 943188-13

matthias.hitzel@macsonline.de

Management, Chief of Operations

Matthias has a degree in agricultural science and postgraduate honors in rural development and more than 20 years of professional experience in international development projects. At MACS he developed into a prolific Project Manager and Institutional Expert as well as Team Leader who played a major role during the very successful rehabilitation program for water and sanitation in Batumi (Georgia).

In the field of Energy Efficiency and Renewable Energy Matthias has developed a profile for himself and MACS through his work of coordinating the finance division for energy projects in the framework of the Green for Growth Fund (GGF), which has earned a reputation as one of the leading EE/RE funds today.

As one of the Partners and Managing Directors of MACS, Matthias is responsible for operations and financial management at MACS.