BAKU, Azerbaijan, July 16
Tamilla Mammadova – Trend
Chinese Dongfang Electric Corporation plans to invest in the energy sector of Georgia, Trend reports referring to the Ministry of Economy of Georgia.
At a meeting with the President of corporation Peigen Yu, Minister of Economy and Sustainable Development of Georgia Natia Turnava spoke about the current situation in the energy sector of Georgia and the liberal investment environment in the country.
The meeting was also attended by Director of the Georgian Energy Development Fund Georgi Chikovani and Executive Director of the Georgian Business Association Levan Vepkhvadze.
At the meeting, Turnava provided detailed information on the current situation in the energy sector of Georgia, the country's energy potential and the liberal investment and business environment. According to her, Georgia will soon overcome the economic problems caused by the coronavirus pandemic, and by the end of this year it will be able to fix the projected growth rates. According to the minister, it is important for the country to receive new international investments, on which the Georgian government is actively working.
Yu noted that the corporation is considering the issue of opening a regional office in Georgia. It was also noted that Dongfang, one of the three largest power plant equipment manufacturers in China, plans to invest in Georgia's energy sector, especially renewables, as well as collaborate on major energy projects planned in the country.
Dongfang was founded in 1984. It manufactures machinery and equipment for hydropower, thermal and renewable energy sources. The corporation has offices in a number of countries in the Asian region, including India, Pakistan, Vietnam and other countries.
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