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Energy Ministry sets new Rules on Interacting with Investors

Published: September 12, 2013 | 1:24 pm
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At a recent press conference in the Tbilisi Marriott hotel, the Minister and the Deputy Minister of Energy have explained new regulations within the energy sector to potential investors. The talk is of 11 new regulations, which include a decrease in the construction guarantee amounts for investors. The mandatory volume of distribution of produced electricity on the local market has also been reduced to 20%. According to the Energy Minister Kakha Kaladze, the new regulations are offering the investors far more flexible terms, and will lead to a further increase in investments. He adds that the new regulations have enabled the construction of 3 problematic hydroelectric power stations to continue.

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