(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Mar. 9
By Maryana Akhmedova – Trend:
German Development Bank (KfW) plans to launch a new financial
cooperation program in Georgia in cooperation with the EU and the
European Bank for Reconstruction and Development (EBRD) to increase
the country's energy efficiency, the German Federal Ministry for
Economic Cooperation and Development told Trend .
According to the Ministry, the key areas of German development
cooperation in Georgia's energy sector are energy transmission,
which is the rehabilitation and construction of transmission lines
and substations, energy efficiency and energy policy reforms.
Georgian Energy Sector Reform Program is already being
implemented by the KfW together with the French Development Agency
(AFD) and the EU, the source noted.
'Germany is one of the most important donors in the Georgian
energy sector and has been cooperating with Georgia in this field
for more than 20 years. As a result, Georgia is now a full member
of the European Energy Union,' the Ministry said.
The Federal Ministry for Economic Cooperation and Development
will continue to support Georgia on its way towards a green
economy, the source added.
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