Energy regulator head says Gov’t adopted over 30 acts in EU energy union commitments
Davit Narmania said the Government had approved over 30 acts in its commitments to the European Union’s energy-related legal frameworks. Photo: Georgian National Energy and Water Supply Regulatory Commission
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Davit Narmania, the Head of the Georgian National Energy and Water Supply Regulatory Commission, on Friday said the Government had approved over 30 acts in its commitments to the European Union’s energy-related legal frameworks.
Narmania was reporting on the current state of the domestic energy and water supply sectors, and progress in harmonising legislation with the bloc, to a session of the Parliament’s Sector Economy and Economic Policy Committee.
The Commission Head said his office had adopted the acts following commitments taken up through membership of the Energy Community, which Georgia joined in 2017.
The normative acts adopted by the Commission are important for creating proper conditions for the existence and development of effective competition in the energy market”, he told lawmakers.
The Commission prepared a fundamentally sound legal framework for opening up the market, which has further improved the readiness indicators of the participants”, the official of the regulatory body said.
Narmania was reporting to the session as part of a two-day gathering of the Committee, organised with the support of the United States Agency for International Development.
The World Bank on Wednesday said it had launched Greening Firms in Georgia, a report serving as a “call to action” for policymakers, businesses and stakeholders to prioritise and invest in improving energy efficiency across the country.
Oliver Varhelyi, the European Union Commissioner for Neighbourhood and Enlargement Policy, on Sunday announced the bloc would allocate €17 billion for the economic and investment plan of its Eastern Partnership initiative, including €2.3 billion in estimated total investments for the Black Sea Strategic Submarine Electricity Cable.
Ongoing reforms and future plans for the development of the energy sector of Georgia were in focus of a meeting between the Georgian Economy Minister Levan Davitashvili and representatives of Energy Community (EC), an organisation established between the European Union and a number of eastern and southern European states, on Thursday.
Georgia is one step closer to making its energy sector meet top European standards after joining the Energy Community (EC) family.
Georgian Economy Minister Levan Davitashvili on Thursday said Georgia and the European Union were “very close allies and partners” in implementing the Black Sea submarine cable project, that intends to connect the grids of the South Caucasus and European Union member countries.
Georgia’s National Energy and Water Supply Regulatory Commission on Wednesday said seven companies had been fined ₾65,000 ($24,031) for failing to submit or incorrectly submitting monthly reports to the regulatory body.