Georgian Economy Minister: Gov't policy focused on fast, sustainable energy sector growth

Georgian Economy Minister Mariam Kvrivishvili on Friday held a meeting with representatives of the energy sector. The event was organised by the Georgian Renewable Energy Development Association and brought together leaders from both government agencies and private companies, along with independent experts.

During the meeting, Kvrivishvili discussed the development policies for the energy sector, updated goals and objectives, challenges faced, and possible solutions.

She emphasised the importance of coordinated efforts and collaboration between the public and private sectors in advancing these processes.

She also outlined the Ministry’s vision, strategy, and action plan for the development of the energy sector, highlighting ongoing and upcoming projects and focusing on several key aspects.

“Our current policy is fully oriented toward being highly efficient, flexible, transparent, and open, so that everyone, and first and foremost the energy sector, can develop quickly and sustainably. Today, we have clearly defined objectives, including several priority directions: optimizing and strengthening energy institutions, as well as optimizing ongoing and planned projects. As a result, saved state resources will be directed toward projects that strengthen the sector, as well as Georgia’s energy independence and security”, the Minister said.

The meeting took place in a Q&A format. The Minister highlighted issues related to overdue memorandums and contracts and emphasised that the Ministry was actively working to resolve these challenges and support genuine investors and developers.

“On behalf of our team and the government, I assure you that the state will be a strong and dedicated supporter of the energy sector and the right projects. Together, we must ensure their development, which is key to our energy independence and security. Georgia has substantial resources, and in addition to increasing domestic generation, we continue to strengthen Georgia as a transit hub”, she concluded.