Economy Minister discusses ongoing reforms in sector, future plans with EU Energy Community organisation
Energy Community is an international organisation and an initiative of the EU that seeks to extend the Union’s internal energy market to South-East Europe and beyond, and to establish a more homogenous and unified energy system across the continent. Photo: The Ministry of Economy and Sustainable Development/Facebook.
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Ongoing reforms and future plans for the development of the energy sector of Georgia were in focus of a meeting between the Georgian Economy Minister Levan Davitashvili and representatives of Energy Community (EC), an organisation established between the European Union and a number of eastern and southern European states, on Thursday.
Following the meeting, Davitashvili said Georgia was going to prepare an energy and climate strategy project, which he called a “fundamental document” for the development of the sector in the country.
The Ministry also said Davitashvili had noted once this plan was approved, it would be in “full harmony” with “European principles and approaches.”
Georgia’s Economy Minister has presented a clear vision for the development of the energy and climate sectors in Georgia, which is much appreciated. […] It is necessary for Georgia to be a partner in the processes developed by the energy community,” Artur Lorkovsky, the Director of Energy Community, said following the meeting.
Lorkovsky also said the plan was “based on the principles that are strictly in line with the Energy Community Treaty, based on openness, competitive market and decarbonisation.”
Energy Community is an international organisation and an initiative of the EU that seeks to extend the Union’s internal energy market to South-East Europe and beyond, and to establish a more homogenous and unified energy system across the continent.
Georgia joined the EU energy union in 2017.
Georgia is upgrading legislation on the country’s energy sector so as to align with European standards and prepare for membership in the Energy Community (EC).
Georgia is one step closer to making its energy sector meet top European standards after joining the Energy Community (EC) family.
An agreement on a €2 million programme on developing sustainable energy in Georgia was signed on Thursday between Levan Davitashvili, the Georgian Economy Minister, and Jeppe Kofod, the Danish Foreign Minister.
Georgia’s energy consumption requires the country to build as many hydropower plants as possible, Prime Minister Irakli Garibashvili said on Monday while speaking on matters of investment and energy independence.
Priority areas of the bilateral cooperation between Georgia and Azerbaijan in various transport sectors were discussed during a meeting between Levan Davitashvili, the Georgian Economy Minister, and Rashad Nabi oglu Nabiyev, the Minister of Digital Development and Transport of the Republic of Azerbaijan, on Monday.
A European Union public service twinning project for the Georgian National Agency for Standards and Metrology has launched in Georgia, the Economy Ministry announced on Wednesday.
Electricity production and the energy sector play an important role in the development of the Georgian economy, all branches of the economy are directly related to the success of the energy sector, Levan Davitashvili, Georgian Economy Minister said on Saturday at a dedicated event celebrating the Energy Workers Day.
Oliver Varhelyi, the European Union Commissioner for Neighbourhood and Enlargement Policy, on Sunday announced the bloc would allocate €17 billion for the economic and investment plan of its Eastern Partnership initiative, including €2.3 billion in estimated total investments for the Black Sea Strategic Submarine Electricity Cable.
Davit Narmania, the Head of the Georgian National Energy and Water Supply Regulatory Commission, on Friday said the Government had approved over 30 acts in its commitments to the European Union’s energy-related legal frameworks.