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cited as saying.
The government has developed incentives to support the development of wind farms. It will pay 6.5 US cents per kWh over the first 10 years of operations.
9.2 ​Major corporate news 9.2.1 ​Oil & gas corporate news
OMV Petrom gets license to seek oil and gas in Georgia’s Black Sea shelf
Georgia’s Oil and Gas Agency has granted oil and gas exploration and extraction licenses to OMV Petrom oil company, a member of the Austrian energy company OMV Group, for a 5,282 square kilometres in the Black Sea shelf.
An open international tender was announced by the Oil and Gas Agency in January for a license to conduct a search for oil and gas on the country’s Black Sea shelf. The tender was announced on January 15 this year for two sections of Georgia’s Black Sea shelf zone.
According to the agency, at the initial stage, OMV Petrom will carry out two- and three-dimensional seismic exploration works, and in case of finding the appropriate reserves, drilling works will start.
OMV Petrom will thus be involved in a third offshore project in the Black Sea, and the first project as the main operating company.
The Romanian subsidiary of OMV is in process of taking over the parent company’s 45% participation in the offshore perimeter of 1-21 Han Asparuh (Khan Asparuh) in the Bulgarian Black Sea section.
Separately, OMV Petrom is already 50:50 involved besides ExxonMobil in the Neptun Deep project in Romania’s offshore where significant gas resources were identified.
However, OMV Petrom is not the main operating company in any of the two projects.
Both projects face uncertainties, as the potential of the former in Bulgaria is not fully confirmed and the project in Romania pends changes in Offshore Law beside facing a change in the operating company as ExxonMobil wants to sell its participation.
9.2.2 ​Healthcare corporate news
JSC Medical Corporation EVEX in Georgia, part of the LSE-listed Georgia Healthcare Group (GHG) and ranked as the country’s largest provider of healthcare services, has won the Gold Sustainability Award of the European Bank for Reconstruction and Development (EBRD) in the Gender and Inclusion category.
The EBRD bills sustainability as underlying all of its operations. The development bank’s Sustainability Awards recognise clients that are also committed to ensuring sustainability is at the heart of their operations.
The EBRD ​said​ that it has provided a senior secured local currency loan of up to $4mn-equivalent to EVEX, to be used in the construction of a new laboratory facility in Tbilisi.
EVEX has been operating since 2009. It is fully owned by GHG PLC. Established in 2015, GHG completed an initial public offering as a London Stock Exchange premium listing in November 2015.
EVEX said it is uniquely placed to spearhead social innovations in the healthcare sector to promote gender and economic inclusion. It is advancing nurses’ education and improving economic opportunities at the entry-level for
52​ GEORGIA Country Report ​July 2020 ​ ​www.intellinews.com