Georgian PM highlights importance of energy sector for country

Georgian Prime Minister Irakli Kobakhidze on Friday highlighted the importance of the energy sector for the country in his annual report to the Parliament.

Kobakhidze said his Government had a “strategic goal” to ensure national energy production would exceed consumption by 2030.

Energy is a particularly important direction - we have a strategic goal of national production in this area exceeding consumption by 2030, and everything is being done to achieve this goal”, he told MPs.

The Government head also added 284 contracts had been signed for the construction of new power plants.

He added 214 of the projects were hydropower plants, 26 wind power plants and 44 are solar facilities.

We are confident that all relevant projects will be successfully implemented”, he noted.

He further added his Government was “actively” working on the project of the Black Sea submarine electricity cable project for connecting energy grids of the South Caucasus and Europe, telling MPs the feasibility study for the initiative would be completed in “about a month”.