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.