MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

Vice Prime Minister, Minister of Economy and Sustainable Development Levan Davitashvili held a meeting with the delegation of ABU DHABI FUTURE ENERGY COMPANY PJSC - MASDAR, visiting Georgia to discuss the further development of renewable energy projects.

At the end of last year, an agreement was signed between the Energy Development Fund of Georgia and ABU DHABI FUTURE ENERGY COMPANY PJSC - MASDAR on the joint development of a solar PV project in Georgia with a capacity of up to 100 MW.

The agreement envisages that the parties carry out technical, commercial and financial activities for the further development of the solar power plant project.

The signing of the agreement was preceded by a visit of the MASDAR Investments and Business Development Director to Georgia, where the parties discussed issues of future cooperation.

Deputy Minister of Economy and Sustainable Development, Romeo Mikautadze and Director of the Georgian Energy Development Fund, Giorgi Chikovani also attended the meeting.

MASDAR is one of the leading investment companies of Mubadala, the largest investment holding in the United Arab Emirates, and is a global leader in renewable energy and sustainable urban development, developing renewable energy projects in the international market and improving innovation in clean technologies.