Asian Development Bank Invests $7.6Mln To Expand Electric Vehicle Use, Charging Networks In Georgia
(MENAFN- AzerNews) The Asian Development bank on Tuesday announced it would
allocate ₾20 million ($7.6mln) for deployment of zero-emission
light, road, and non-road electric vehicles, and expansion of
charging networks in Georgia by 70 new stations, Azernews reports,
citing Agenda.
The money will be invested in inaugural two-year and six-month
lari-denominated green bonds of Tegeta Motors, one of Georgia's
leading automotive products and services companies, the ADB
said.
Tegeta Executive Director Vakhtang Kacharava said the company
was“dedicated to pioneering” the issuance of the green bonds to
support domestic efforts to reduce greenhouse gas emissions.
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