Georgia’s First Deputy Prime Minister, Minister of Finance Kumsishvili and German Ambassador to Georgia, Heike paichma, as well as the GSE (GSE) Director General Zumburidze and KfW-‘s (KfW Bank) Regional Office, Klaus Veigel sign agreements , The aim of which is the extension of the power grid.
For this purpose, the German Development Bank (KfW) to 125 million euros in concession credit. The goal of the program of hydro-electric power transmission network to connect with the network infrastructure to support the development, which will increase the transmission capacity of the network and improve the security of the network and electricity supply.
First Deputy Prime Minister, Minister of Finance Kumsishvili thanked the German government, as well as in Georgia, the German governmental institutions – GIZ- SE (German Society for International Cooperation) and KfW-‘s, with whom the last 25 years in Georgia in a number of very important projects have been implemented.
In assessing agreements, Kumsishvili said that 125 million euros in the financial resources of the grid and the expansion of the energy system, strengthen, strengthen the country’s energy is very important.
According to him, the project currently under construction hydro-generated electricity to sell to the domestic market, and will be able to export.
“Germany’s support is very important for our country. As of today, we have access to 700 million euros in concessional loans and grants, the German side of the support. These relationships and support will continue “, – said the first vice-premier Kumsishvili.
German Ambassador Heike paichma stressed the importance of energy for.
“This year’s Georgia-Germany on the sidelines of the anniversary we also celebrate the 25th anniversary of cooperation between our states in the field of development. The energy to really have a successful cooperation. Today is almost hard to believe that electricity until 2000, the capital city of Tbilisi, even in part, only a few hours a population “, – said the German ambassador.
Since 1993 the German side of the energy sector as a whole, almost half a billion euros in grants.
Program – “of the power transmission network expansion, Phase 2” ceremonial signing of the agreement starts a new phase of a multi-year project to promote. The program, scheduled to Turkey, the region of the transmission network and infrastructure development as well as the so-called “ring of the north,” the first phase of implementation, which serves the north-west of the hydro-power stations to reduce energy integration.