Germany ready to boost financing of Georgian energy system

Nov 12, 2002 01:00 AM

The German government is ready to increase financing of the Georgian energy system by EUR15 mm, which is in fact by one third, in the event Tbilisi provides guarantees of security for foreign specialists, including Germans in Georgia, a representative of the German government declared at a meeting with Georgian State Minister Avtandil Jorbenadze.

The representative said this was one of the provisions to continue rendering financial aid for reforms in the Georgian energy sector.
Moreover, according to the official, the German government decided to allocate EUR 2 mm to Georgia in 2002 to cover damage caused by the recent earthquake in this country. As it was reported earlier, the German KfW bank has allocated EUR 90 mm in credits over the past four years.

By the end of this year Georgia is to receive another EUR 8 mm KfW is ready to finance expenses on creating the single energy zone of the Caucasus, whose creation was announced at a conference devoted to the integration of the energy systems of countries of the Caucasian region. Energy authorities of Russia, Georgia, Armenia, Azerbaijan, Turkey and Iran took part in it.

Source: Pravda.RU
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« November 2018 »
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30

Register to announce Your Event

View All Events