Business Universal state programme expands with electricity production component
Georgian Deputy Economy Minister Rome Mikautadze said the programme had already included one project while aiming to eventually include “several dozen”. Photo: Ministry of Economy
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The Business Universal programme of Georgia’s export promotion agency Enterprise Georgia now includes electricity production to increase financial availability of business loans for a "maximum number" of entrepreneurs.
The Ministry of Economy on Monday said in order to benefit from the loans or leasing options offered as part of the programme, infrastructure qualified for it would be required to produce solar, wind or hydro energy with the installed capacity of under 0.5 megawatts.
This programme will activate the construction of small hydropower plants in Georgia, which, on the one hand, is important on the way to our energy independence, and on the other hand, additional income, jobs and incomes will be created in the country”, Deputy Economy Minister Romeo Mikautadze said.
He added the programme had already included one project while aiming to eventually include “several dozen”.
Jubo Turashvili, the Head of the Energy Policy and Investment Projects Department of the Ministry of Economy of Georgia, on Thursday highlighted the country’s “strategic location” in comments that confirmed the Government’s “readiness” to “make a significant contribution” to Europe's energy security.
The Georgian Government will “gradually” sign the contracts with the companies that were declared winners of the first auction in projects for renewable energy infrastructure in July, the Economy Ministry said on Friday.
Romeo Mikautadze, the Deputy Economy Minister of Georgia, on Sunday said the ongoing year was seeing “record figures” in generation and exports of electricity, in an address to employees of the sector on their professional day.
Four new programmes have been added to Georgia's export promotion agency Enterprise Georgia today. The programmes will aim to help families with newborns purchase new apartments, increase the financial availability of business loans for the maximum number of business entities, increase the country's export potential and develop agro- and eco-tourism facilities in the Georgian regions.
Georgian Deputy Economy Minister Romeo Mikautadze on Tuesday said “optimal” development of renewable energy sources was the “cornerstone” of the national security, economic and political progress of the country.
Three wind and five hydroelectric powerplants are planned to be built in Samtskhe-Javakheti, Kakheti, Shida Kartli and Imereti regions of Georgia, the Administration of the Government of Georgia said on Monday. The total installed capacity of energy projects, presented at today’s Government meeting, is over 250 megawatts of installed capacity, and will total $400 million in investments.
Georgian Prime Minister Irakli Garibashvili will be a “keynote speaker” at the Global Gateway Forum hosted by Ursula von der Leyen, the European Commission President, in Brussels on Wednesday and Thursday, Georgia’s EU Ambassador Vakhtang Makharoblishvili said on Tuesday.
The Government of Georgia on Monday discussed a project initiated by the Ministry of Economy for construction of two new hydro powerplants in the western regions of Racha and Samegrelo.
The Government of Georgia on Monday approved construction of wind and solar power plants, transfer of over 305 hectares of agricultural land plots to 14 leases and restructuring of the youth affairs state agency at its weekly meeting.