In the first stage of the project development, the Ministry of Economy and Sustainable Development of Georgia (MoESD) or the Public-Private Partnership (PPP) Agency (the "Agency") identify potential renewable energy projects. A developer may also submit an initiative proposal on the concession in the energy sector. The identification stage is followed by the project initiation. The MoESD prepares the project concept note on which the Government of Georgia (GoG) issues a decision. If the decision is positive the MoESD undertakes the project preparation work in cooperation with the Agency and the Ministry of Finance of Georgia (MoF).