Georgian PM says 800 MW worth of energy projects to be implemented
Georgian Prime Minister Irakli Kobakhidze on Monday said energy projects with a total capacity of 800 MW would be implemented in the country to utilise renewable energy resources. Photo: Gov't Administration
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Georgian Prime Minister Irakli Kobakhidze on Monday said energy projects with a total capacity of 800 MW would be implemented in the country to utilise renewable energy resources.
Kobakhidze noted the Government had already established specific average median prices in each category to determine which energy projects can be implemented.
This approach gives the Government an opportunity to identify more renewable energy and utilise more total installed capacity to offer sector projects at a fixed rate determined through auctions in a competitive environment. This approach will be very beneficial for the energy sector and promote the competitiveness of implemented projects”, he said.
The PM added the Ministry of Economy had already started developing a normative base for the purpose.
The fourth and final stage of the renovation of the Enguri hydropower plant, Georgia’s largest electricity producing facility, is starting in the country’s north-west with the support of the European Bank for Reconstruction and Development and the European Union.
Georgian Economy Minister Levan Davitashvili on Wednesday said the Government was looking forward to deepening its cooperation with Iceland in green energy, innovation, tourism and other sectors.
Georgian Economy MInister Levan Davitashvili on Friday discussed development of the domestic energy sector, ongoing reforms projects and state support mechanisms in a meeting with representatives of the industry.
Enterprise Georgia will finance projects aiming to produce electricity using renewable energy sources, the body announced on Wednesday.