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Wednesday, July 17, 2024

Georgia fulfill 80 percent energy energy-related clauses of agreement with EU

According to Maka Botchorishvili, Chair of the European Integration Committee of the Georgian Parliament, the Georgian government had fulfilled 80 percent of the energy-related clauses of the Association Agreement with the European Union.   

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According to Maka Botchorishvili, Chair of the European Integration Committee of the Georgian Parliament, the Georgian government had fulfilled 80 percent of the energy-related clauses of the Association Agreement with the European Union.   

These important comments came from the Botchorishvili following sessions of the European Integration and Sectoral Economy committees of the legislative body. The session of the Europan Integration and Sectoral Committee was hosted at the Enguri Dam in the northwest region of Georgia.

On the occasion of the meeting participants discussed clauses of the agreement that have been fulfilled since 2014  when the agreement was signed between Georgia and the European Union. They also discussed the measures necessary for fulfilling the remaining obligations.  Genadi Arveladze, the Georgian Deputy Minister of Economy and Sustainable Development presented the report on the achieved progress.

On the other hand  the head of the committee  while sharing his views  stated that  the remaining legislative work would be completed shortly in the coming years. This step to complete the remaining work will also pave the way for the fulfillment of the remaining energy-related targets under the targets.

Arveladze further underscores the major energy-related infrastructure  including the Black Sea submarine cable initiative. This cable initiative will create a new transmission route for the transmission of green energy from the South Caucasus to the countries of the European region.

The Government has approved a new support scheme for the renewable energy sector  which will lead to public-private participation and auctions with a total of 1,100 MW capacity between 2023 and 2024, added the deputy minister. Moreover to attract investment the country has introduced changes to the support of renewable energy project schemes as well.

Arveladze further stressed the government’s efforts to enhance energy security  which can be ensured with the creation of more substations, power transmission lines, and power stations.  Minister also highlighted the energy dialogue between Georgia and the European Union last year  which, according to him  has fostered “deeper cooperation” in the sector.

Arveladze expressed his opinion that with the opening of the domestic energy market  Georgia is already in the process of aligning the country’s energy sector as per the requirement of the European Standard.

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