What's Hot

    Marrying Innovation and Sustainability: Eviosys Launches Revolutionary Metal Closure ‘Horizon’ Enabling Brands to Adopt Mono-Material Packaging

    September 21, 2023

    Guaranty Trust Bank Selects Infosys Finacle for its Multi-Country Digital Banking Transformation

    September 21, 2023

    Chief Executives of Hundreds of Cities Jointly Kick Off Smart City Innovation Program Powered by Huawei Pangu Government Model

    September 21, 2023
    Facebook Twitter Instagram
    Amman MailAmman Mail
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Amman MailAmman Mail
    Home » Masdar GEDP sign deal to develop largest solar power plant in Georgia
    Business

    Masdar GEDP sign deal to develop largest solar power plant in Georgia

    December 31, 2021
    Facebook Twitter Pinterest Reddit Telegram LinkedIn Tumblr VKontakte WhatsApp Email
    Masdar, one of the world’s leading renewable energy companies, has signed an agreement with the Georgian Energy Development Fund (GEDF) to develop a solar photovoltaic (PV) power project in the country, with a capacity of as much as 100 megawatts (MW). The project, which will be jointly developed with the GEDF, will be Georgia’s largest solar power plant.
    Masdar GEDP sign deal to develop largest solar power plant in Georgia

    The joint development agreement (JDA) was signed in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Natela Turnava, Minister of Economy and Sustainable Development for Georgia, in a ceremony yesterday at the Leadership Pavilion at Dubai Expo. The agreement was signed by Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Giorgi Chikovani, CEO of the GEDF.

    Commenting on the partnership, Al Ramahi said, “This landmark agreement will support Georgia’s energy diversification efforts, and will make a positive contribution on climate action. As a global leader in renewable energy, with projects in almost 40 countries, we look forward to working with the Georgian Energy Development Fund and the Government of Georgia on further renewable energy opportunities and will leverage our experience to support the nation’s economic development.”
    Chikovani said, “Georgia strongly follows its route and in accordance with the country’s strategy continues its utilisation of renewable energy sources. This agreement, which aims to develop a solar project with one of the world’s leading renewable energy companies, is a precondition for achieving the priority goals and targets of the state energy policy. Development of similar projects will strengthen the energy security of Georgia, contribute to diversification of energy sources and increase the share of renewable energy in the power generation mix.”
    Masdar and the GEDF will jointly oversee the development of the project, which is being carried out as part of a larger framework agreement signed with the GEDF this year to develop renewable energy projects in the Eurasian nation. The GEDF is a joint stock company, founded by Ministry of Economy and Sustainable Development, and wholly state-owned. Georgia, which primarily relies on hydropower for electricity generation, is looking to enhance its energy security and diversify its energy mix.
    Share. Facebook Twitter Pinterest LinkedIn Reddit Email

    Related Posts

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023
    Latest News

    Annual Investment Meeting announces new identity as AIM Congress, gears up for 13th edition in Abu Dhabi, May 2024

    September 19, 2023

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023
    © 2021 Amman Mail | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.