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Georgian government plans to increase energy potential of country

Oil&Gas Materials 19 December 2019 12:48 (UTC +04:00)
Georgian government plans to increase energy potential of country

BAKU, Azerbaijan, December 19

By Tamilla Mammadova – Trend:

Georgian government plans to increase energy potential of the country, Trend reports citing Georgian media outlets.

This was stated at the meeting at Energy Development Fund of the Ministry of Economy and Sustainable Development of Georgia, where the fund's annual report was presented and future plans were discussed. Minister of Economy Natia Turnava headed the discussion.

Fund Director Giorgi Chikovani said the hard work of the fund significantly helped to attract investments to the hydro-energy sector of Georgia. He added that the organization continues working to attract investments in the wind and solar energy.

The fund has also been carrying out the biomass and alternative energy projects that encourage the introduction of new technologies in the energy sector of Georgia, the director said. In addition, the fund implements social projects to ensure constant energy supply to the mountainous regions of Georgia.

The Energy Development Fund plans include five projects related to Hydroelectric power plants (HPPs), one solar energy and two hydro projects.

In 2020, special attention will be paid to the renewable energy sources. As noted, energy supply issues will be solved in Ardoti and Roshka villages in the Pshav-Khevsureti region of Georgia.

The work also will be carried out for construction of wind and solar power plants and attracting investments in biomass and other alternative renewable energy sources.

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