Government of Georgia will be approving a 10 year Development Plan for the power transmission grid, i.e. Action Plan for 2017-2027, which will be presented by the Ministry of Energy of Georgia. It is aimed at a very significant modernization of the transmission grid system.
As noted by H.E Giorgi Kvirikashvili, Prime Minister of Georgia at the Executive Government Meeting today, initiative covers the investment of 735 million Euros in the coming years by the engagement of International Financial Institutions (IFIs): Kreditanstalt für Wiederaufbau (KfW), European Bank for Reconstruction and Development (EBRD) and the World Bank.
"We believe that outcome of this initiative will manifest itself in the boosted effectiveness of the energy system of Georgia, along with a considerable technical improvement of export and import of energy. As a result, Georgia will gain greater integration in the regional network. It is a project of paramount importance, also in terms of the investments that may be attracted to the energy generation plants operating in Georgia" noted the Prime Minister of Georgia.
Prime Minister's Press Office