Georgia, Germany, France, EU sign new multi-year reform commitment to support Georgia’s green energy transition
The body said under the first programme, which was instrumental in boosting key primary and secondary legislation related to energy efficiency and power market, AFD and KfW invested €641 million. Photo: Ministry of Finance
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Georgian Finance Minister Lasha Khutsishvili on Friday signed a deal with the German State Development Bank, French Development Agency and the European Delegation to Georgia for a multi-year reform programme called ‘Green Transition for Georgia’.
The Finance Ministry said the document Multinational and International Support to the Government of Georgia involved 11 reform areas aimed at supporting the renewable energy sector, starting the use of green hydrogen, as well as supporting socially vulnerable populations in transition, climate resilience, air quality, waste management and other.
Lasha Khutsishvili, the Finance Minister, Peter Fischer and Sheraz Gasri, German and French Ambassadors to the country, Nicholas Cendrowicz, the Head of Cooperation of the EU Delegation to the country, Veronica Garcia del Arco, the Director of the KfW Credit Institute for Reconstruction Regional Office South Caucasus, Bodo Schmuelling, Director of Energy Sector at KfW Tbilisi Office, Fani Delphi, the head of the French Development Agency South Caucasus Regional Office signed the deal.
Proud to support ????????’s commitments to achieve Green Transition and energy independence as we prepare for #COP28UAE & ????????further integration . ????????????????????????????????@AFD_en @Diplo_Peter @EUinGeorgia https://t.co/unNLWrPm8V
— Sheraz Gasri ???????????????? (@Sherzag) November 24, 2023
The EU Delegation to Georgia said the new German-EU-French reform programme was the “successor programme” of the Georgian Energy Sector Reform Programme that France, Germany and the EU have implemented together with the Georgian partner ministries and institutions between 2018 and 2023.
EU???????? is committed in helping Georgia???????? achieve green transition & energy independence
— EU Delegation Georgia ???????? (@EUinGeorgia) November 24, 2023
Through EU????????,@KfW_FZ_int and @AFD_en support, Georgia has signed a multi-year reform programme “Green Transition for Georgia” with Germany???????? & France???????? today
Read more➡️https://t.co/e52xc90Igr pic.twitter.com/tvmuPPEPrp
The body said under the first programme, which was instrumental in boosting key primary and secondary legislation related to energy efficiency and power market, AFD and KfW invested €641 million.
The Ministry said the decision taken by the partners would be an “important step” on Georgia's European Union integration path.