Focusing on Renewable and Sustainable Energy Enhancements in Georgia

Deputy Executive Director of the Partnership Fund, Giorgi Danelia, signed an MOU with Phi4 Technology SI and Silk Tech Group, within the official visit in the United States of the Prime Minister of Georgia.

The framework of the agreement will cover the building of an alternative, high-tech plant in accordance with the standards set out in the “Green Economy Concept”. The agreement will position Georgia towards renewable and sustainable energy and facilitate the implementation of such projects in the future. According to the official document, for the first time in Georgia, enterprises, facilities and operating centers of graft energy will be constructed. The Government of Georgia fully expresses its support for projects focused on renewable and clean energy sources.

"Within the memorandum, the Partnership Fund is involved in accordance with our investment mandate: we express our readiness to cooperate with foreign partners to finance the construction of high-tech enterprises of the first renewable and sustainable energy in Georgia," Danelia said.

By Anna Zhvania

Photo: Georgian Press