Georgian Finance Minister talks Georgia’s green energy potential at EBRD Annual Meeting, Business Forum

  • 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. Photo:Ministry of Finance.

Agenda.ge, 12 May 2022 - 12:39, Tbilisi,Georgia

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.

Khutsishvili spoke in a plenary session on Wednesday, making comments on green energy generation and the significance of strengthening Georgia’s energy independence.

We are ready to develop a legislative framework that encourages investment in renewable energy. The Black Sea floor cable project also has a great potential, as it plays an important role in connecting [Georgia] to the European network,” the Minister noted in comments on ongoing and planned initiatives.

It is necessary to continue structural reforms to strengthen the economic foundation of the country and increase resilience to shocks. I hope that we will continue to work closely together and come out of the crisis with a stronger position," Khutsishvili said.

He also made remarks on Georgia’s “strong support” for Ukraine's sovereignty and territorial integrity and the importance of the implementation of international sanctions against Russia for its invasion of the country.

As part of the EBRD Annual Meeting and the Business Forum, Khutsishvili is scheduled to meet the Bank’s First Vice President Jürgen Rigterink, with a meeting with representatives of the Japan Bank for International Cooperation is also scheduled.

The Georgian official is taking part in the event hosted between Tuesday and Thursday with the theme Responding to Challenges in a Turbulent World.

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