Memorandum on Launching Industrial Production of Wind Power Plants in Georgia Signed

Published in Economics
Friday, 01 April 2022 15:39

Ministry of Economy and Sustainable Development, State Military Scientific Technical Center Delta and Georgian Wind Energy Association signed a Memorandum of Cooperation thus undertaking the obligation to facilitate the introduction of industrial wind power generation in Georgia, which in turn, will lead to creation of new jobs, integration of wind farms into the energy infrastructure, and generation of more electricity in the country.

The Memorandum was signed by Romeo Mikautadze, Deputy Minister, Ioseb Loladze, General Director of State Military Scientific Technical Center Delta, and Mamuka Mikashavidze, President of Georgian Wind Energy Association.

The Memorandum envisages negotiations with the leading companies producing wind power generation equipment, as well as with interested parties interested in purchasing such equipment and its components.

According to the document, the parties will also make efforts to find potential investors interested in financing and developing the production of components of wind power plants on the territory of Georgia and/or their procurement.
New plant, which will manufacture wind generators and their components in full compliance with the modern standards, will be located in the territory owned/used by Delta.

The Memorandum also envisages cooperation with the Government of Georgia, relevant agencies, international donor organizations, financial institutions and interested business circles in order to provide the use of wind energy in Georgia, electricity generation and rapid development of supply to the population.

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