ECONOMY
07.12.21 15:40
European Union, German Development Bank (KFW), and Georgian Ministry of Economy and Sustainable Development have jointly launched the technical assistance project for the promotion of energy efficiency (EE) in the Georgian Energy Sector.
Technical Assistance Project in Support of the Georgian Energy Sector Reform Programme (GESRP) worth EUR 8,44 million aims to strengthen energy security, improve public and industrial energy infrastructure and promote the use of renewable energy.
Sigrid Brettel, Head of Cooperation of the EU Delegation to Georgia, hoped the project would be implemented successfully. “Energy efficiency has many benefits: environmental, social and economic. It contributes to the country’s energy security and also to sustainable development,” Brettel said.
According to Deputy Minister of Economy Davit Tvalabeishvili, the project will help Georgia meet the commitments as per the Association Agreement signed with the EU.
“The project will help to introduce and execute energy efficiency and renewable energy legislative base that will serve the main goal – reduction of dependence on energy import through the rational use of energy resources.
Best standards in the energy sector will precondition improved climate conditions benefitting both the environment and household spaces,” he said.
With a 4-year project, Georgia will be able to attract additional investments and boost the Georgian energy sector’s competitiveness.
source: 1TV
Read: 172
Write comment
(In their comments, readers should avoid expressing religious, racial and national discrimination, not use offensive and derogatory expressions, as well as appeals that are contrary to the law)
News feed
-
From 'alliance' to open hostility: Armenia and Russia
19:0325.04.24
-
17:5425.04.24
-
17:0025.04.24
-
Lithuanian Ambassador: Foreign influence bill contradicts EU recommendations
16:1025.04.24
-
Shalva Papuashvili: We hear statements and concerns from the US State Department, Brussels
15:3025.04.24
-
14:5725.04.24
-
14:0625.04.24
-
13:1425.04.24
-
Defense Committee Chair hosts Head of NATO Liaison Office in Georgia
12:3025.04.24
-
11:5725.04.24
-
11:1125.04.24
-
Rally against draft law "On Transparency of Foreign Influence" underway near Parliament
10:0025.04.24
-
MIA to identify individuals calling for blocking roads artificially during Rustaveli Avenue rallies
18:0024.04.24
-
Lazare Grigoriadis leaves prison
17:3024.04.24
-
Irakli Kobakhidze to participate in the Conservative Political Action Conference in Hungary
17:0024.04.24
-
16:1724.04.24
-
15:3024.04.24
-
Youth social entrepreneurship support project kicks off
14:5024.04.24
-
14:0024.04.24
-
Tbilisi Mayor deems new stadium construction as a mega project
13:2024.04.24
-
12:2424.04.24
-
Rustavi City Council Chairman dismissed
11:3024.04.24
-
10:2224.04.24
-
9:0024.04.24
-
Tusheti Protected Landscape in Georgia’s north-east to expand by 2,245 hectares
18:0023.04.24
-
17:2823.04.24
-
16:5623.04.24
-
16:2023.04.24
-
15:4423.04.24
-
15:0623.04.24
-
Georgian PM, UN representatives review cooperation
14:3523.04.24
-
14:0023.04.24
-
Four people were arrested for making and issuing fake driving licenses
13:2023.04.24
-
12:3923.04.24
-
Georgian, Croatian foreign ministers discuss “fruitful” cooperation
11:3023.04.24
-
Georgian foreign office welcomes border delimitation deal between Armenia, Azerbaijan
10:4523.04.24