Georgia deepens energy cooperation with Iran, Armenia and Russia

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.