The Azerbaijan Energy Regulatory Agency (AERA) and the Georgian National Energy and Water Supply Regulatory Commission (GNERC) signed a Memorandum of Understanding in the Field of Energy Regulation.

The document was inked by Chairman of the Board of AERA Samir Akhundov and Chairman of GNERC Davit Narmania.

The memorandum aims to develop and strengthen cooperation in the field of energy regulation, as well as to create favorable conditions for the development of bilateral relations between AERA and GNERC.

As part of the MoU, the sides will exchange experience in energy regulation, share information on the development of legislation in this field, and organize training programs on various topics, including the regulation of renewable energy and energy efficiency.

AERA and GNERC enjoy longstanding partnership ties and have been successfully collaborating within the Energy Regulators Regional Association (ERRA).

The MoU marks a significant milestone in enhancing the productive partnership between the two regulatory bodies of Azerbaijan and Georgia.