04.04.2015 Views

Part I

Part I

Part I

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Draft Black Sea Regional Transmission Project ESIA<br />

The Ministry of Energy, the Georgian State Electrosystem (GSE), GSE’s state-owned power<br />

company “Energotrans Ltd.”, and any contractors who are involved in project construction or<br />

operation will comply with all Georgia labor laws.<br />

3.1.5 Other relevant national strategies and plans<br />

Other relevant strategies and plans include two related to environmental issues and one to<br />

energy issues. Those related to environmental issues include:<br />

<br />

<br />

Establishing a National Biodiversity Strategy and Action Plan is an obligation<br />

under the Convention on Biological Diversity (see section 3.2 below), which aims<br />

to protect its biodiversity, to ensure its sustainable use and to enable fair access<br />

to benefits of biodiversity. The Action Plan was adopted by the Cabinet of<br />

Ministers in 2005 (resolution # 27, 19.02.05). The Plan puts forward a set of<br />

national policies and plans which will be needed to meet Georgia’s<br />

responsibilities under the CBD, as well as providing a framework through which to<br />

coordinate priority conservation activities, and to share information on biodiversity<br />

and key threats on the natural environment.<br />

The new Georgian Red List was approved in May 2006 and is legally enforceable.<br />

The new GRL has been organized in accordance with the guidelines and principles<br />

of the International Union for the Conservation of Nature.<br />

The Black Sea Regional Transmission Project is part of the broader Energy Strategy of<br />

Georgia (Ministry of Energy, 2009), whose key goals include:<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

Develop local generation sources to replace current imports.<br />

Replace all current thermal generation with hydropower, with the ultimate goal of<br />

having 100 percent of Georgia’s electricity generated with this renewable source.<br />

Develop a reserve capacity of at least 10 percent.<br />

Provide further deregulation.<br />

Expand the high-voltage network. The Black Sea Energy Transmission Project<br />

will contribute to this goal.<br />

Increase exports of electricity. The Black Sea Energy Transmission Project will<br />

help achieve this goal.<br />

Rehabilitate energy infrastructure.<br />

<strong>Part</strong>icipate in regional transmission and transit projects. The Black Sea Energy<br />

Transmission Project is an important part of this goal.<br />

3.2 International requirements<br />

3.2.1 Requirements of International Finance Institutions<br />

As noted above, the Government of Georgia, through the Ministry of Energy, is negotiating<br />

financing of the Black Sea Regional Transmission Project with a number of international<br />

finance institutions (IFIs). International lenders, including the European Bank for<br />

Reconstruction and Development (EBRD), the European Investment Bank (EIB), and<br />

Kreditanstalt für Wiederaufbau Bankengruppe (KfW) all require that projects they finance be<br />

in compliance with both national standards as well as environmental and social policies and<br />

guidelines adopted by the lenders.<br />

30

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!