Gov't approves $200 million energy projects in bid for energy independence

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. 

The announcement said the Government had approved "several important projects in the field of renewable energy production” at today's meeting, aiming to generate 150 MW in installed capacity, of which 110 MW will be generated by wind infrastructure, 20 MW by solar, and the rest by hydropower.

Deputy Economy Minister Romeo Mikautadze said the projects would be implemented in different locations across the country.

"These locations are Gori, Ksani and Aspindza. Local as well as foreign investments will be implemented [...] [The projects will help to] reduce our dependence on neighbouring countries, and are a step forward on the path to energy independence", Mikautadze said.