The Ministry of Economy and Sustainable Development says the energy-supporting GREDA bill is currently undergoing “standard interagency coordination procedures.”
The ministry gave the response to BMG after the government removed the bill from the list of legislation planned for adoption during Parliament’s autumn session. The bill was prepared at the initiative of the Georgian Renewable Energy Development Association (GREDA), in cooperation with the Economy Ministry.
The proposed legislation would establish how benefits generated by renewable energy projects, including solar, wind and hydropower plants, should be distributed among investors, local municipalities and the communities where the projects are developed. Its stated aim is to support the sustainable development of renewable energy projects.
“The draft is currently undergoing standard interagency coordination procedures, after which it will be submitted to the Parliament of Georgia for consideration,” the ministry said. The bill had previously been included in the legislative agenda for Parliament’s spring session, but was not submitted by the government before the session ended.
