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Irakli Garibashvili
Irakli Garibashvili at Silk Road Forum Tbilisi 2015

Georgia will Have an Underground Gas Storage Facility — PM Garibashvili

Georgia will soon have an underground gas storage facility, Prime Minister said during his 3-year governmental report.

According to Irakli Garibashvili, Georgia is the only country in the region that does not have a gas storage facility and this problem will soon be solved.

Garibashvili says the energy sector is the most attracting for the investors. In his words, foreign and local investment in local power plants construction will substitute the country’s import at the first stage. Later Georgia can even export the excess electricy, according to the PM.

Garibashvili says that in three years a number of important energy projects were funded in Georgia, including the “Black Sea Transmission Network” and Gardabani heat power station.

Construction of Neskra HPP (HydroPower Plant) with the total investment value of one billion dollars will start in the near future.