enguri_29.04.2011

Invitation to the presentation of the report:

Legal analysis of memorandums of understanding and agreements signed for the implementation of energy projects

18 January, 2013, 11:00-14:00, Hotel Tbilisi Marriott

On January 18, 2013 (Friday) at 11:00-14:00, in Hotel Tbilisi Marriott (Rustaveli Av. #13), Green Alternative cordially invites you on the presentation of its study: Legal analysis of memorandums of understanding and agreements signed for the implementation of energy projects. Presentation of the study results will be proceeded by the discussion.

Please, kindly confirm your participation by January 16, 2013 on: nksovreli@greenalt.org or contact us on: 229 27 73, 222 38 74.

 

About report
One of the main state policy trends prioritized by Georgia is maximizing the use of its existing energy potential. The proponents of this state policy believe that injecting investments in hydro power will decrease electricity import in Georgia enabling the country boost its electricity export in neighboring countries and play a significant role in achieving energy independence, as well as increasing income of the state.The companies implementing the projects often highlight the benefits of hydropower projects, namely, creating new jobs and stimulating local economy development. However, there are groups criciticizing these projects and highlighting some of the risks associated with the investments, such as the loss of housing and land, limited access to natural resources and local infrastructure, environmental degradation and so forth.

Currently, there are numerous memorandums of understanding (MoUs) and agreements signed between Georgian government and Georgian or foreign companies on the implementation of hydropower projects. These memorandums and agreements, together with national (and international) legislation, define the terms of investment projects, as well as ways to reallocate risks, costs and benefits. The procedures of concluding MoUs and agreements largely determinethe the quality of responsiveness to public opinion and accountability of decision makers.

Green Alternative’s new report examines the legal framework for concluding MoUs on energy projects between the government of Georgia and investors; It also analyzes 15 MoUs and two agreements that were signed between Georgian government and various companies for the implementation of energy projects. In the end, the report suggests the standpoints reflecting the possible economic, social and environmental implications of those energy projects that are to be carried out under MoUs and agreements.