The Deputy Minister of Economy and Sustainable Development of Georgia Genadi Arveladze took part in the informal ministerial meeting of the Energy Union. In his speech, he focused on Georgia's aspirations in European structures and noted that after 2017, when Georgia became a full member of the Energy Union, it clearly confirmed its obligation to harmonize national energy legislation with the EU directives and regulations.

The ministerial meeting was held in Banja Luka, Bosnia and Herzegovina, the country of the 2024 President of the Energy Union, and was attended by high-ranking representatives of the European Energy Union member states and the European Commission, as well as the Energy Union Secretariat and the President of the Council of the European Union, Hungary. 

Genadi Arveladze highlighted the ongoing reforms in the country's energy sector, in particular, in the direction of the liberalization of the electricity market. According to him, under the decision of the Government of Georgia, the electricity exchange was launched in Georgia from July 1, 2024, which is an important step forward towards the target model of the electricity market. The Deputy Minister noted that after the full implementation of the energy market, the hourly price of electricity will be established, and the European model will be introduced, which is an important factor for Georgia's energy sustainability and integration into the European energy market. Genadi Arveladze thanked the Energy Union for its assistance in the reform of the energy sector. In his speech, the Deputy Minister focused on major energy projects, including the strategic and regional importance of the Black Sea submarine cable project.  

Genadi Arveladze also drew attention to the fulfillment of commitments taken by the Georgian government in the direction of decarbonization. Within the framework of the informal ministerial, Genadi Arveladze held a meeting with the director of the Energy Union Artur Lorkowski.