Deputy Minister of Economy and Sustainable Development of Georgia, Gennady Arveladze, met with representatives from Austrian energy companies during their working visit.

During the meeting with the Vice-President of ANDRITZ Hydro, Alexander Schwab, and the Supervising Board Directors, Stefan Szyszkowitz and Alexandra Wittmann, the Deputy Minister informed the guests about the potential of the Georgian energy sector. He remarked that Georgia is rich in renewable energy resources. ”

ANDRITZ Hydro has participated in large-scale energy infrastructure projects since 1950 and knows the Georgian energy market well. The company is interested in engaging in large infrastructure projects planned for the next 5 years, such as Nenskra, Namakhvani and similar projects. Introduction of ANDRITZ technologies, facilities and “smart decisions” are significant to boost energy production and its efficient use,” Arveladze said.

Alexander Schwab highlighted that ANDRITZ was interested in Georgia’s energy market. “This will lead us to a very promising future in the energy sector. We are present in the country. We are considering future projects, and we are enthusiastic about supporting the Georgian government in the energy sector’s further development, including hydro, solar and wind energy,” he said.

EVN company – one of the largest holdings in Austria investing in green energy, also expressed its interest in Georgia. It is especially interested in the Black Sea Submarine Electric Cable project, which will allow access to the European market.

According to Stefan Szyszkowitz, Europe needs electricity, especially renewable energy, and Georgia can offer a lot in this direction.

“I believe good cooperation between Georgia and Europe, among European companies, would contribute to the development of the region and Europe. Today, we discussed the Black Sea Submarine Electric Cable project. Such a project could be a significant step for cooperation and interconnection of European and Georgian electricity markets,” he stated.