Georgia - invitation to tender for consultancy in credit rating
The assignment concerns the supply of consulting services for credit rating activities.
Context: energy reform in Georgia
Georgia has made substantial progress in energy reform in support of liberalized and sustainable electricity sector, including developing cost recovery tariffs and market based regulations in compliance with the European Energy Community’s membership requirement.
Acting as the national grid operator, the Georgian ElectroSystems (GSE) is ringfenced by 17-year Government’s rehabilitation program and protecting from financial bankruptcy.
Under rehabilitation program expired in 20