Davos: Georgian PM meets Abu Dhabi energy company director

Georgian Prime Minister Irakli Garibashvili on Wednesday discussed the energy potential of the country and the possibility of expanding investments of TAQA, an Abu Dhabi energy company, in Georgia in his meeting with Jasim Husain Thabet, the Director of the company.

The Government Administration said Garibashvili noted the “favourable” investment environment of Georgia and told the company Director development of renewable energy was “one of the priority directions” of the Government’s economic policy.

During the meeting, held on the sidelines of the World Economic Forum in Davos, Switzerland, the Georgian PM also discussed the Black Sea submarine electricity cable project, intended to connect the grids of the South Caucasus and European Union member states. 

The Head of the Georgian Government invited the company head to Georgia to “better explore” the country’s investment potential, the Administration added.

TAQA owns a 43 percent stake in Masdar, a major energy company of the United Arab Emirates, which is developing a 100 MW solar power plant in Georgia.