Georgia, Denmark sign sustainable energy development deal
The meeting between Davitashvili and Kofod also involved a discussion of the trade and economic cooperation between the two countries. Photo: Georgian Economy Ministry
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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.
Entitled Creating a Favourable Environment for Sustainable Energy Development in Georgia, the deal will seek to contribute to energy efficiency and renewable energy, the Economy Ministry announced.
The Ministry also revealed the Danish authorities had pledged support for the development of the country’s energy efficiency via experience-sharing and the interest of Danish businesses in the Georgian market.
The Georgian Minister said the two officials had discussed the development of wind and solar energy in the country, adding the Georgian Government had “high hopes” it would be able to attract the interest of Danish investors in Georgia's energy sector.
Davitashvili also said Georgia would continue “close work” with Denmark in the areas of sustainable and renewable energy development, noting the country was one of the leading states in the world in the field, including in the efficient use of wind energy.
Denmark will allocate the funds for the development of the sector in the country by 2023.
The meeting between Davitashvili and Kofod also involved a discussion of the trade and economic cooperation between the two countries.
Industrial production of wind power plants in Georgia is set to begin following the signing of a memorandum between the country Economy Ministry, the State Military Scientific Centre Delta and Georgian Wind Energy Association on Wednesday.
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.
A declaration has been signed between the Georgian Economy Ministry and the German Development Bank (KfW) earlier today on the development of clean and renewable energy in Georgia. The study of green hydrogen potential begins in Georgia, the Economy Ministry reports.
Natural gas reserves in Georgia’s Black Sea shelf and exploration works planned by OMV Petrom, the largest energy company in Southern and Eastern Europe, were discussed at a meeting between Levan Davitashvili, Georgia’s Economy Minister, and the company delegation on Wednesday.
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.
The Georgian Government is holding consultations with “various investors” over projects to construct hydropower plants in the country, Prime Minister Irakli Garibashvili said 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.
The German Government will allocate €1.3 million through the German Development Bank to support the introduction of the green hydrogen technology and develop relevant conducive legal framework in Georgia, the Embassy of Germany announced on Tuesday.
New solar, wind and hydropower projects with a total investment volume of $200 million will be implemented in Georgia to support the development of renewable energy and ensure the country's energy independence, the Government revealed on Tuesday.
Georgian Finance Minister Lasha Khutsishvili spoke about his country’s potential in generating green energy at the European Bank for Reconstruction and Development's Annual Meeting and Business Forum in Morocco, the Ministry said.
Georgia’s Deputy Economy Minister Romeo Mikautadze and Claire Mason, the acting Mission Director of the United States Agency for International Development have signed a memorandum of understanding on cooperation in the energy sector, the Ministry of Economy announced on Friday.
A new three-year plan of natural gas delivery to communities has been approved by the Government, with the move expected to bring access to 39,698 subscribers in 244 communities across the country between 2022-2024, the Government Administration announced on Tuesday.
Georgian economy minister Levan Davitashvili hosted the World Bank energy mission in Tbilisi to discuss ongoing and future projects in the sector, the ministry of economy announced on Wednesday.
Georgian Deputy Economy Minister Romeo Mikautadze and James Appathurai, the NATO Deputy Assistant Secretary General for Emerging Security Challenges, on Wednesday discussed reforms in Georgia’s energy sector at their meeting in Tbilisi.