Israel and China will invest in Georgia’s energy sector
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China and Israel’s largest companies have pledged to invest in Georgia’s energy sector.
Businessman Mikheil Mirilashvili, head of PEGASUS EastWest – an international, privately-held entity that focuses on developing businesses in the world's fastest growing emerging markets – and representatives from China’s CEFC (Clean Energy Finance Corporation) met Georgia’s Prime Minister today and spoke about their plans to invest in the country’s developing energy market.
The country’s business ombudsman Giorgi Gakharia also attended the meeting.
The sides started to discuss terms and conditions for future investing in Georgia.
The value of the proposed investments was not stated, nor was the projects the funds would support.
Georgia and Iran are looking to enhance bilateral ties in the transport, energy and manufacturing sectors.
With the support of the European Bank for Reconstruction and Development (EBRD) Georgia’s is preparing to create the country’s first wind park and utilise its wind energy potential.
The cost of power could soon increase in Georgia however the price of natural gas could drop, says the country’s Minister of Energy Kakha Kaladze.
The European Union is supporting the establishment of a sustainable energy information centre in Georgia’s capital Tbilisi to raise public awareness of energy-related issues, such as the benefits of energy efficiency and renewable energy.
Georgia has adopted a new Energy Policy Document thanks to lengthy cooperation between EU energy experts, Georgia and its neighbouring countries.
Georgia’s Prime Minister Irakli Garibashvili has held a fruitful meeting with president of Azerbaijani oil company SOCAR Rovnag Abdullayev today, where the pair discussed prospects of future collaboration.
The European Union (EU) is extremely interested in expanding energy cooperation with Caspian Sea countries, said EU Ambassador to Azerbaijan Malena Mardi at the Caspian Oil and Gas forum held in Baku yesterday.
Electricity sharing between Georgia and Armenia is getting a boost thanks to the establishment of a new cross-country power line.
Several international financial institutions are teaming up to help Georgia tap into its hydropower potential and achieve energy self-sufficiency by investing $400 million USD in the construction and operation of Shuakhevi Hydro Power Plant (HPP).
Georgian and Abkhazian officials are continuing to discuss the restoration of Enguri Hydro Power Plant (HPP), which sits on both sides of the de facto border of Georgia and breakaway Abkhazia.
A major project to renovate and modernise the Enguri Hydro Power Plant (HPP) will start at the end of 2015.
Georgia and China are intensifying their trade and economic relations. With this goal in mind, a Chinese delegation has come to Georgia. Leading the group is Chen Changzhi, vice chairman of the Standing Committee of the National People's Congress, China’s top legislative body.
Georgia and China are deepening trade and economic ties. Georgia's Finance Minister Nodar Khaduri is on an official visit to China to showcase Georgia's investment potential in a bid to attract more Chinese investments.
Georgia is positively welcoming a new phase of Georgia-Israel relations that includes implementing several multimillion dollar Israeli investments in the country in the comings months.
Georgian investors are making their first investments in Israel by contributing funds to build a new five-star Rixos hotel in the centre of the ancient city of Jerusalem.
Representatives from Mitsubishi Corporation – Japan’s largest trading company – are visiting Georgia to explore the country’s investments opportunities.