Georgia deepens energy cooperation with Iran, Armenia and Russia

The agreement envisaged creating a coordination council and a regional dispatch centre to help the four countries react faster and more efficiently to crisis and emergency situations. Photo from Georgia's Energy Ministry.
Agenda.ge, 23 Dec 2015 - 18:58, Tbilisi,Georgia

Georgia, Iran, Armenia and Russia are deepening cooperation in the energy sector by increasing the efficiency of the countries electrical systems.

Today the four nations signed a Memorandum of Cooperation (MoC) that envisaged greater cooperation in the energy sector.

Georgia’s Energy Minister Kakha Kaladze visited Armenia’s Capital Yerevan to sign the document.

The MoC envisaged establishing a coordination council and a regional dispatch centre to help the four countries react faster and more efficiently to crisis and emergency situations.

The action will also allow parties to develop multi-national electricity transit and trade.

The MoC will also promote development of a proper system and inter-system infrastructure.

During Kaladze’s visit to Yerevan, the Georgian official met Armenia’s Prime Minister Hovik Abrahamyan to discuss ways to deepen bilateral relations and future cooperation prospects.