According to Mariam Kvrivishvili, Georgia’s Minister of Economy and Sustainable Development, the Georgian government has taken a very important step to accelerate the development of the energy sector by waiving fines, thereby creating a foundation to begin and continue cooperation between the state and the energy sector “from a clean slate.” The minister made this statement at a meeting with representatives of the renewable energy sector, where the results of 2025 were summarized.
“From the state’s side, this is a very clear demonstration of how important the energy sector is. At the same time, it is also an acknowledgment that there may have been a number of challenges on the part of the state as well. In particular, there were specific cases where highly responsible investors approached the relevant agencies merely to request a deferral of support or to address certain issues, yet the response was either untimely or did not come at all. Accordingly, we made a decision that took into account the most important and fundamental barrier to the rapid development of the energy industry that we heard about from the sector’s representatives,” Mariam Kvrivishvili noted.
In the minister’s assessment, the main challenge identified in the course of working with the sector was precisely the fines component, due to which the majority of energy projects were delayed. According to Mariam Kvrivishvili, after the most significant barrier in relations with the energy sector was removed in recent weeks as a result of the waiver of fines, the ministry has been actively processing a large number of applications for the signing of memorandums in the relevant categories, relating to the research, construction, and other aspects of energy projects.
“The ministry and the new team that has joined its system worked very actively with the energy sector so that we could make accurate assessments,” Georgia’s Minister of Economy stated.