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>> EU and partners launch energy efficiency project in Georgia
>> EU to support hazelnut, fruit juice and tea value chain development in Georgia
>> Energy efficiency and green energy to receive more EU support in Georgia
EU and partners launch energy ef
EU and partners launch energy
efficiency project in Georgia
The NEFCO Fund and the Ministry of Finance of Georgia have today signed loan and
grant agreements as part of the Eastern Europe Energy Efficiency and Environment
Partnership (E5P). The agreements are aimed at financing energy efficiency
measures as well as introducing renewables and alternative sources of energy
supply in public buildings in Georgia. The total investment for the project is
€5.14 million, co-financed by NEFCO, the E5P – to which the EU is the biggest
donor – and the Ministry of Foreign Affairs of Denmark. The project will help
Georgia to comply with some of its commitments within the EU Association
Agreement, including the implementation of energy reforms.
In total, 25 public buildings with different functions such as schools,
kindergartens and municipality administration offices located in three different
climate zones in Georgia will be included in the project. The planned energy
efficiency measures will generate annual cost savings of approximately €200,000
for the Government of Georgia and the expected annual CO2 reductions are
approximately 1,300 tonnes. Furthermore, up to 10,000 people, mainly children,
teachers and public employees, will benefit from upgraded buildings and better
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EU to support hazelnut, fruit juice
and tea value chain development in Georgia
A new project funded by the EU as part of the EU4Business initiative will help
connect Georgian agro-processing companies with the European market.
The project ‘Eastern Partnership: Ready to Trade – an EU4Business initiative’
aims to improve the competitiveness of Georgia’s small and medium-sized
enterprises (SMEs) and to connect them to international and EU markets.
The project implementation started in March with an SME survey from the
agro-processing sector, conducted in cooperation with the Export Development
Based on the results of the survey, as well as the findings of the project
inception phase, three value chains – hazelnut, fruit juice and tea – have been
prioritised for project assistance in view of their export potential to the EU.
The survey results show that 49% of surveyed companies are already exporting to
the EU and 37% have expressed interest in entering the EU market.
Energy efficiency and green ener
Energy efficiency and green energy
to receive more EU support in Georgia
The Green for Growth Fund (GGF), which is part of the EU4Energy initiative, has
provided a senior loan of USD 1.5 million to a new partner in Georgia, JSC MFO
Crystal (Crystal), to expand green energy lending in Georgia.
The largest microfinance organisation in the country, Crystal primarily serves
microentrepreneurs and farmers, with a strong focus on rural and
energy-efficiency improvements. In 2017 it also pioneered financing for solar
energy systems in remote areas.
Thanks to the new GGF funding, to which the EU is a contributor along with other
international donors, households and farmers would be able to improve their
carbon footprint and save energy. Measures financed through the loan are
expected to result in annual primary energy savings of over 2,600 MWh and reduce
CO2 by approximately 910 metric tons per year. The GGF will also support Crystal
in measuring and promoting green impact, developing energy-efficiency products,
and raising green energy awareness among its client sector.
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