The Sector Economy and Economic Policy Committee discussed the Draft Law on State Property, envisaging that the National Agency of State Property, in view of ensuring the separation of the electricity and natural gas transmission system operators, realizes the authority of the shareholder (partner) in the enterprises delegated under state property with the independent management right: “Engurhesi” Ltd.; JSC “Electricity System Commercial Operator”; and JSC “Georgian Oil and Gas Corporation”.

The Draft was introduced by the Chair of the Committee, Shota Berekashvili.

According to him, the assignment of the National Agency of State Property envisages the effective supervision of the activity of respective energy enterprises, as well as the due and effective realization of the authority and adherence to the state interests.

By this, the Agency shall act independently without the interference of the Ministry, Government or any other state agencies. Respective amendments are being introduced to the Law on Entrepreneurs.

Per the reporter, the amendments ensure the re-regulation of the electricity and gas transmission sphere in a legal manner and in line with European standards, which serves as another step forward to the fulfillment of the Association Agreement commitments.

The Committee approved the Draft.