Deputy Economy Minister: energy security "necessary prerequisite" for growth, development
Georgian Deputy Economy Minister Romeo Mikautadze at the Energy Policy Forum organised by the United States Agency for International Development. Photo: Ministry of Economy
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Georgian Deputy Economy Minister Romeo Mikautadze on Tuesday highlighted energy security as a "necessary prerequisite" for ensuring growth and development, in remarks at the Energy Policy Forum organised by the United States Agency for International Development.
To gain energy security it is necessary to diversify energy sources, increase energy efficiency, invest in renewable energy and develop new energy technologies", he told the Forum.
The Ministry of Economy cited Mikautadze as saying the Georgian energy sector had achieved "significant progress" in recent decades in gaining energy security and establishing a sustainable energy system.
The ongoing reforms in the sector are aimed at further strengthening its efficiency, competitiveness and security of supply through the introduction of EU energy legislation", Mikautadze said.
The Deputy Minister added the Ministry of Economy had created a state energy policy document for a 10-year period in accordance with EU regulations in a bid to develop the domestic energy sector.
He also emphasised the importance of utilising local renewable energy sources and developing energy efficiency to strengthen the country's energy security, pointing to "significant resources of water, wind, solar, biomass and geothermal energy" in the country and adding their utilisation would have a "positive impact on balancing generation and reducing import dependence".
Georgian Prime Minister Irakli Garibashvili on Wednesday participated in the Mastering New Energy Economics roundtable discussion held within the framework of the World Economic Forum in Davos.
Georgia’s energy sector is in “an active phase” of development and the country’s goal is to “effectively” use the “huge” unused potential of renewable energy through hydro, wind, solar, and other energy-sufficient directions, Romeo Mikautadze, Georgia’s Deputy Economy Minister said on Saturday at the 13th session of the Assembly of the International Renewable Energy Agency in Abu Dhabi.
Georgian Prime Minister Irakli Garibashvili on Tuesday said the recently signed Black Sea submarine cable international project, a move initiated by his Government, would ensure “direct connection” between Georgian and European energy systems, in comments summing up the Government’s work throughout the year.
The Black Sea strategic submarine electricity cable between Georgia and the European Union will be a “window of new opportunities”, which will turn the country into an electricity hub and improve the internal energy market, the European Commission President Ursula von der Leyen said on Saturday at the signing ceremony of the Agreement on Strategic Partnership in the field of Green Energy Development and Transmission between Azerbaijan, Georgia, Romania and Hungary.
Romeo Mikautadze, the Deputy Economy Minister of Georgia, discussed procedures of auctions for the state scheme for renewable energy support in a meeting that involved investors, companies and business associations of the sector, the Ministry of Economy said on Thursday.
Georgia’s Ministry of Economy and Sustainable Development on Monday announced an auction for production and utilisation of renewable energy sources that has been described as an “important step” for ensuring energy independence of the country by Deputy Minister Romeo Mikautadze.
Georgian Deputy Economy Minister Romeo Mikautadze on Tuesday said ensuring utilisation of renewable energy was “important” for establishing a “sustainable, safe and independent” energy sector in the country.
Georgian Deputy Economy Minister Romeo Mikautadze on Thursday highlighted the responsibility of the public to use energy resources “more wisely” at a school event for raising awareness of energy-saving practices.
Romeo Mikautadze, the Georgian First Deputy Minister of Economy and Sustainable Development, on Thursday said his office had signed 60 deals with investors worth $800 million last year that were expected to add more than two billion kWh to the local energy generation annually.
Energy security goal of Georgian Government’s policy
Georgian Deputy Economy Minister Romeo Mikautadze on Wednesday told the World Utilities Congress in Abu Dhabi the goal of the Georgian Government was to ensure energy security of the country.