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Israel and China will invest in Georgia’s energy sector

Friday, May 29
China and Israel’s largest companies have pledged to invest in Georgia’s energy sector.

Businessman Mikheil Mirilashvili, head of PEGASUS EastWest – an international, privately-held entity that focuses on developing businesses in the world's fastest growing emerging markets – and representatives from China’s CEFC (Clean Energy Finance Corporation) met Georgia’s Prime Minister and spoke about their plans to invest in the country’s developing energy market.

The country’s business ombudsman Giorgi Gakharia also attended the meeting.

The sides started to discuss terms and conditions for future investing in Georgia.

The value of the proposed investments was not stated, nor was the projects the funds would support. (