Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Tbilisi, December 29 (Xinhua) — Accelerated deployment of renewable energy sources and modernization of electricity grids are crucial for strengthening energy security and unlocking the export potential of South Caucasus countries, especially in the context of strategic projects such as the Black Sea undersea cable, Alkis Drakinos, Regional Director for the Caucasus at the European Bank for Reconstruction and Development (EBRD), said in an interview with Business Insider Georgia on Monday.
According to him, the EBRD views infrastructure and energy integration in the South Caucasus as a key driver of sustainable economic growth and deeper regional connectivity. In this regard, the bank is paying particular attention to modernizing electricity transmission networks in Georgia and Armenia to effectively integrate variable renewable energy sources, including wind, solar, and hydropower.
In the transport sector, the EBRD sees significant potential in the development of multimodal logistics corridors, including the Armenian Corridor and Georgian port infrastructure. These projects, according to A. Drakinos, could strengthen the region's role as a transit hub within the Middle Corridor.
The EBRD Regional Director added that modernizing road and rail networks, ports, and digitalizing customs and border procedures will help reduce trade costs and increase the region's resilience to geopolitical risks.
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