Georgian fund, Emirati energy company sign deal on “largest” solar power plant
The Georgian Energy Development Fund and the Emirati state-owned renewable energy company Masdar on Tuesday signed an agreement on establishing the “largest” solar power plant in Georgia. Photo: Ministry of Economy
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The Georgian Energy Development Fund and the Emirati state-owned renewable energy company Masdar on Tuesday signed an agreement on establishing the “largest” solar power plant in Georgia, the Ministry of Economy announced.
Deputy Economy Minister Romeo Mikautadze said the plant would be built in the Gardabani Municipality of the southern Kvemo Kartli region.
He said the plant would reduce the country’s dependence on imports and diversify local sources of electricity supply, as well as contribute to the fulfilment of obligations assumed by the Association Agreement signed with the European Union in 2014.
Mikautadze also said a memorandum would be signed with the Government “in the near future”, followed by launch of feasibility studies for the project.
Mohamed Jameel Al Ramah, the Director of Masdar, said he saw “great” opportunities in Georgia.
I think today we have taken a very important step in the direction of implementing the largest solar energy generation project in the region, and most importantly, we see the prospect of implementing even more large-scale projects in the future”, he said.
The company Director added cooperation between the two countries was of “strategic nature” and “great importance”.
A new report published on Wednesday by the International Finance Corporation, a member of the World Bank Group, identified renewables, transport and logistics and digital transformation as key sectors to boost Georgia’s private sector-led growth and help the country reach high-income status.
Georgian Economy Minister Levan Davitashvili on Tuesday said the country had “all conditions” to be a net exporter of electricity, adding the Government’s “main goal” was to ensure export from local generation to the European Union.
Levan Davitashvili, the Georgian Economy Minister, on Wednesday told the Parliament electricity generation in the country had hit its “historical high” of 11.1 billion KW/h in the first nine months of this year.
Further development of the Akhali Samgori solar power plant - a joint project of the Georgian Energy Development Fund and Masdar, a renewable energy company - was discussed on Sunday by Georgian Deputy Economy Minister Romeo Mikautadze, the Fund Director Jaba Khmaladze and Masdar’s Chief Executive Officer Mohamed Jameel Al Ramahi.
The Georgian National Energy and Water Supply Regulatory Commission on Thursday decided to reduce electricity tariffs for both household and non-household consumers by three tetri per one kWh starting next month.
Georgian deputy economy ministers Romeo Mikautadze and Vakhtang Tsintsadze on Thursday said the decrease of electricity tariffs for both household and non-household consumers by three tetri per one kWh was “a result of the Government’s correct economic and energy policies”.
The Georgian National Energy and Water Supply Regulatory Commission on Thursday said 1,039 microgenerators with a total installed capacity of 64 megawatts had been included in the net metering network in the country.
Georgian Economy Minister Levan Davitashvili and Ahmed bin Saeed Al Maktoum, the President of Dubai Civil Aviation Authority and the founder of the Emirates Group, on Tuesday discussed the prospects of deepening cooperation in the aviation sector.
Georgian Economy Minister Levan Davitashvili on Tuesday met United Arab Emirates officials to discuss trade and economic ties on the sidelines of the ongoing World Governments Summit in Dubai.