Georgia’s reliable, favourable business environment in focus of PM, EDF Vice President meeting
Garibashvili highlighted the specific steps taken by the Government for the development of the energy sector, emphasising the importance of a modern, transparent and competitive energy market. Photo via Government Administration
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The reliable and favourable business environment in Georgia was the focus of the meeting on Wednesday between Georgian Prime Minister Irakli Garibashvili and Béatrice Buffon, the Senior Executive Vice President of EDF Group, a French multinational electric utility company.
Georgia’s potential in the energy sector was also discussed at the meeting, with the sides pointing out the country’s active phase of development in this regard, the Government Administration said.
Garibashvili highlighted the specific steps taken by the Government for the development of the energy sector, emphasising the importance of a modern, transparent and competitive energy market.
Buffon expressed the EDF’s willingness to invest in renewable energy in Georgia, mainly in hydroelectric plants and showed interest in wind and solar projects, while Garibashvili confirmed to EDF Vice President his Government’s readiness to cooperate with the French energy company.
The dynamics of cooperation between the Government of Georgia and the World Bank were reviewed on Wednesday by the country’s Prime Minister Irakli Garibashvili and the Bank’s newly appointed South Caucasus Regional Director Rolande Pryce, who will officially take office on September 1.
Romeo Mikautadze, the Deputy Economy Minister of Georgia, featured in a meeting on the development and transmission of green energy between the governments of Azerbaijan, Georgia, Romania and Hungary, the Ministry said on Thursday.
Georgian Deputy Economy Minister Romeo Mikautadze on Tuesday said more intensive utilisation of energy, especially hydro resources, additional jobs, taxes, economic growth and infrastructure development would help strengthen Georgia's independence, highlighting energy self-sufficiency as an “important part” of the country's independence.
Construction permits issued in Georgia will require minimum energy efficiency requirements starting in July, the Ministry of Economy announced on Wednesday.
The current and future economic projects, as well as positive indicators of economic growth in the country, were discussed on Saturday by the Georgian Government’s Economic Council, led by Prime Minister Irakli Garibashvili.