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Chinese Companies Interested in Building Solar and Wind Power Stations in Georgia

“After signature of Georgia-China free trade agreement, bilateral economic ties will strengthen in direction of infrastructure, banks and finances and information technologies, power system and banking”, Chinese Ambassador to Georgia Ji YIanchi noted and added that many Chinese commercial banks are interested  in cooperation with Georgian banking system.

“Chinese government provides overall support to the private sector, Chinese companies and commercial banks to cooperate with Georgia”, the Chinese ambassador told the Business Contract.

Special interest is expressed in Georgian power sector, including in terms of building solar and wind power stations.

“China was the first foreign investor in Georgia that took efforts in development of hydro power stations. A new HPP was built in Pankisi Gorge in 2001. The facility has been operating for 10 years. Many Chinese companies are interested in building solar and wind power stations in Georgia. Various Chinese companies operate in Kutaisi Free Industrial Zone”, the Ambassador said.