Georgia’s Deputy Economy Minister Romeo Mikautadze and Claire Mason, the acting Mission Director of the United States Agency for International Development have signed a memorandum of understanding on cooperation in the energy sector, the Ministry of Economy announced on Friday.
The Memorandum aims to help ensure that Georgia's households and businesses can count on a steady supply of electricity “that is fairly priced and not subject to unfair pressures from external malign actors”, the USAID said.
"The Memorandum paves the way for close cooperation meeting our joint goals of securing reliable, affordable, diversified, and clean supplies of energy. Together we will increase the resilience of the energy sector to withstand the increasing threat of cyberattacks.
“We will facilitate investment in new domestic renewable energy generation that contributes toward meeting climate change goals set by both Georgia and the US. We will develop Georgia's energy markets in line with the Energy Community Treaty and Accession Protocol--and supporting Georgia's EU membership ambitions' ', the USAID stated.
The memorandum includes four strategic objectives: strengthening Georgia's energy security in long-term policy development; promotion of investments in the direction of utilisation of renewable energies; increasing Georgia's institutional capacity for sustainable management of the energy market and increasing the sustainability of the energy sector through strengthening cyber security.