Black Sea submarine cable project, Imereti wind farm among topics discussed in first Gov’t meeting of 2023
The first weekly meeting of the Georgian Government in 2023 on Monday discussed raising funds for the feasibility study of the Black Sea submarine cable project and construction of a wind power plant in the western Imereti region, among other topics. Photo: PM's press office
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The first weekly meeting of the Georgian Government in 2023 on Monday discussed raising funds for the feasibility study of the Black Sea submarine cable project and construction of a wind power plant in the western Imereti region, among other topics.
The Government Administration said the feasibility study on the former project, an international deal for connecting the South Caucasus energy system to Europe, was underway with €2.5 million allocated for the purpose.
It added following today's meeting the Ministry of Finance would request an additional $75 million from the World Bank, with a preliminary agreement already reached with the institution. The study is scheduled to be finished this year.
In its meeting, the Government also approved the contract with the Achar Energy 2007 company for a full feasibility study for the wind farm in Imereti.
The Administration announced $66 million would be invested in the plant, which is estimated to have an installed capacity of 50 MW and generate 180.89 million kWh annually.
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 high officials of Georgia, Azerbaijan, Romania and Hungary on Saturday signed an Agreement on the Black Sea Submarine Electricity Cable project in Bucharest, to export green energy to Europe via Georgia.
“Major investments” made and planned in the Georgian energy sector and prospects for future cooperation were discussed on Thursday in a meeting between Georgian prime minister Irakli Garibashvili and Praveer Sinha, the CEO and managing director of Tata Power Company Limited.
The Georgian government on Monday discussed the project of constructing new wind power plants in western Terjola and Tkibuli municipalities, the government administration announced.
The National Statistics Office of Georgia will launch an online portal for social and economic statistics in the country’s municipalities this year, with the agency also working to improve its data collection.
Georgia and Azerbaijan will be able to exchange 1,000 MW of power “smoothly” once the project of the Gardabani 500 substation in southern Georgia is completed, Georgian Deputy Economy Minister Romeo Mikautadze said on Monday.
Georgian Prime Minister Irakli Garibashvili on Thursday discussed his country’s European integration prospects and the Black Sea submarine cable international project with Péter Szijjártó, the Minister of Foreign Affairs and Trade of Hungary.