Giorgi Abramishvili, the chairman of the board of GREDA and the managing partner of the company Energy Solutions highlights, that the contribution of the USA and the European Union to the development of the energy sector of Georgia is very high.
According to Giorgi Abramishvili, only between 2020-2024, with the support of international financial institutions, approximately 1.5 billion have been invested in the energy system.
"The European Union, as well as other financial institutions support the Black Sea Submarine Cable Project, one of the most strategic projects for our country.
As we know, the World Bank has approved the financing of USD 35 million for the Black Sea submarine cable project; part of the reforms supported by the European Union is the liberalization of the energy market and the reform of the energy exchange market, which should be implemented from July 1 through the EBRD. The European Union is assisting us in the rehabilitation of Enguri HPP, the total budget of which is more than 45 million Euros, etc. There are many other energy projects for which international financial institutions - EBRD, ADB, KFW, WB - have invested 885 million Euros and 349 million USD, which is 1.5 billion USD in total," Giorgi Abramishvili said.
