Georgian, Armenian officials discuss energy cooperation, sign deal on electricity aid in emergency situations
Georgian Deputy Minister of Economy Romeo Mikautadze on Thursday met with Armenian Deputy Energy Minister Hakob Vardanyan in Tbilisi. Photo: Economy Ministry press office
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An agreement between Georgian and Armenian authorities on supply of electricity in emergency situations was signed in a meeting between Georgian Deputy Minister of Economy Romeo Mikautadze and Armenian Deputy Energy Minister Hakob Vardanyan in Tbilisi on Thursday, the Georgian Economy Ministry said.
Introducing the current trends and future plans in Georgia’s domestic energy system, Mikautadze told the Armenian official Georgia was reforming its energy field after joining the European Energy Union, in a bid to modernise and strengthen the sector.
Speaking about the ongoing and planned projects to make the country's energy system “more sustainable and less dependent” on external factors, Mikautadze stressed the importance of interstate cooperation for maintaining energy sustainability and stability in the region.
In further comments, the Georgian Deputy Minister made a mention of the Black Sea Cable project, which would connect Georgia with Romania and create new opportunities for increasing electricity exports from Georgia and other countries of the South Caucasus to the European Union.
During the meeting of the working group, held with the support of the Georgian and Armenian offices of the United States Agency for International Development, the officials noted the two countries could further strengthen energy cooperation.
David Narmania, the Head of the Georgian National Energy and Water Supply Regulatory Commission, on Tuesday said there was “no basis” for increasing tariffs for electricity and natural gas in the country.
About 200 officials from over 70 companies operating in the oil and gas industry are gathered in the Georgian capital of Tbilisi to attend the 54th Meeting of the Continental Europe Energy Council between Friday and Saturday.
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 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.
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.
The Georgian national energy and water supply regulatory commission has responded to "false information" from the opposition-minded Mtavari Arkhi channel that alleged an anticipated increase in natural gas tariffs in December, saying the report is "not true and a deliberate provocation".