Activity under preparation Enguri HPP Phase V - Georgia: Enguri HPP Contract related to: Enguri HPP Phase V - Georgia: Enguri HPP - This action is the 2023 annual  contribution  to  the Neighbourhood  Investment  Platform  (NIP) for the Neighbourhood East.The   NIP   forms   an   integral   part   of   the   European   Fund   for   Sustainable   Development  ("EFSD+")  being  its  blending  arm  in  the  Neighbourhood  in  complementarity  of  budgetary guarantees.The  Overall  Objective  of  the  NIP  is  to  mobilise  investments in  infrastructure  in  transport, energy, environment, with a particular focus on climate change mitigation and adaptation, and to  support  social  and  private  sector  development  in  Eastern  and  Southern  Partner  Countries. In particular, the NIP will support the implementation of the Economic and Investment Plan (EIP) and its country flagships.The  NIP  is  designed  to combine  EU  grants  or  financial  instruments  with  other  public  and private financing. By reducing, through co-financing, the overall cost or risk of the project or by   subsidising   interest   rates   or   financing   technical   assistance   or   providing   financial instruments,  the  NIP  will  encourage  the  partner  country  governments,  private  sector  and/or public institutions to carry out essential investments that would otherwise not happen.