Activity under preparation Sustainable Implementation of the Economic and Investment Plan in Georgia's Regions Through Balanced Territorial and Human Capital Development and Energy Diversification The Action ¿EIP in Georgia¿s regions¿ aims to contribute to the sustainable implementation of the Economic and Investment Plan in selected regions of Georgia through Balanced Territorial and Human Capital Development and Energy Diversification.The Action takes into account Georgia¿s ambition to bring its relations with the EU to a new level (as proven by its EU membership application, potential candidate status and inclusion of Georgia in the annual enlargement reporting), the consequences of Russia¿s war of aggression against Ukraine, current state of play of reforms in the country (notably regional and human capital development) as well as the state of play of the Economic and Investment Plan (EIP) implementation with a particular focus on the preparatory actions to accelerate the development and deployment of the Black Sea submarine electricity cable.Moreover, besides the projects on the six flagships under the EIP, the two Team Europe Initiatives (TEIs) for Georgia (`Balanced territorial development¿ and `Green and Health¿) remain key points of reference. To take full advantage of the Black Sea underwater electricity cable, a strong priority under flagship 1b is the development and diversification of energy sources. The Action will thus support Georgia in reaching its full potential in terms of production and export of green and renewable energy, and aligning with EU legislation in the electricity market (i.e unbundling the power utility). Furthermore, to ensure sustainable impact, the Economic and Investment Plan for the Eastern Partnership also includes investments in innovation and human capital. Improving the policy and regulatory environment remains essential to strengthen the governance pillar of the Joint Staff Woking Document/EaP post 2020 priorities reform agenda and foster its sustainable implementation at all levels. It is also important, in order to enable the eco-system of the EIP in general, to deliver effectively on the investments in the infrastructure and to ensure sustainable economic and social development at local and regional levels. In this sense, this Action will directly facilitate implementation of EIP flagships 1b, 3, 5 and 6, notably on their dimensions related to supporting small producers and business, including women-owned business, and through further local authorities¿ engagement in energy efficiency, diversification and production, with projects such as the rehabilitation of public and residential buildings, installation of solar panels.