Germany offers €125m for Georgia’s electric transmission development
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Germany is supporting Georgia in expanding its power network and modernising the infrastructure by providing €125 million in concession credit.
The second phase of the Transmission Network Expansion program has started in Georgia today, which will be financially supported by the German government-owned development bank (KfW).
The main goal of the program is to increase the capacity of the electricity transmission network and improve the security of the supply of electricity. This will be achieved by supporting the development of network infrastructure that will connect Georgia’s hydropower stations to the country’s electricity transmission network.
Georgia's Finance Minister (C), German Ambassador to Georgia, high officials from KfW and Georgian State Electrosystem after signing the agreement today. Photo by Georgia's Finance Ministry.
This year we are celebrating the friendship of Germany and Georgia and also marking 25 years of cooperation between the countries in the field of development. We have truly successful cooperation in the electric system. Today it is hard to imagine that back in 2000, electricity was available only for several hours per day in Tbilisi”, said German Ambassador to Georgia Heike Peitsch.
Under the program it is also planned to develop the transmission network infrastructure in Georgia’s Guria region.
Germany is stepping up its financial support for Georgia by pledging millions of Euro to improve the water systems in the country’s Black Sea resort town Batumi.
Georgia promotes trade advantages of its electricity
Georgia’s capital Tbilisi is hosting the Cross-Border Electricity Trading Summit, bringing electricity suppliers together to discuss how to create a competitive trading environment for the electricity produced in Georgia.
Using Georgia to transit electricity between other countries in the region is a "historic event in Georgia’s energy sector”.
Georgia is becoming an "energy bridge” connecting South Caucasian countries with a reliable electricity supply.
German Foreign Minister Sigmar Gabriel says the achievement of visa-free travel to the European Union (EU) is a result of Georgia’s "impressive reforms” and "political progress”.
The Georgian-German Year, an 18-month-long series of cultural and political events celebrating the 200 years of friendship and 25 years of diplomatic relations between the two countries, has officially begun in Berlin today.
An electrical substation in Georgia’s Imereti region has been completely rehabilitated to protect the electricity supply for people living in different parts of the region.
From September 1 this year Georgia will have a consul in Bavaria and Baden-Württemberg in Germany, as the number of Georgians living there is bigger than in other parts of the country.
Governmental Consultations between Georgia and Germany has completed successfully and as a result several new projects are coming for Georgia.
The German government-owned development bank (KfW) is offering grant worth €1,650,000 to improve tourism and utility infrastructure in two regions of Georgia.
For the second time in a row Georgia’s capital city of Tbilisi is hosting the international congress and exhibition ‘Hydropower Caspian and Central Asia’. This is a professional platform for high-level participants to discuss key topics to guide the course for hydropower construction and operation in the Caspian and Central Asia region.
The German government is allocating €161.7 million to support Georgian investment projects in infrastructural development, energy, municipal development, environmental protection, vocation education and other areas, the Georgian Ministry of Finance reports.
Peter Fischer, the German Ambassador to Georgia, on Wednesday inspected projects being implemented in western Georgia through development cooperation between the two countries.