Azerbaijan-Turkey energy route will benefit Georgia
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Georgia will earn about half million GEL as a transit country that supports the transfer of energy from Azerbaijan to Turkey.
Today Sulkhan Zumburidze, the general director of Georgian State Electrosystem, said the Georgian side had successfully completed "intensive” negotiations with Azerbaijan to ensure the country benefitted from being an energy transit country.
From the negotiations, the two sides agreed on "various details” which were included in the agreement.
Zumburidze added further discussion was needed and both countries were still negotiating finer agreement details.
He assumed Georgia and Azerbaijan might sign the deal next year.
Georgia is expected to become a member of the Energy Community (EC) – an international organisation that deals with energy policy – in September 2016.
Georgia is starting to implement the largest energy project the country has ever seen to move Georgia one step closer towards energy independence.
A new Hydro Power Plant (HPP) in Chkhorotsku province is extremely important and will help Georgia gain more energy independence, says the country’s Prime Minister.
Today construction of the biggest HPP since Georgia gained independence, Nenskra HPP in western mountainous Svaneti region, officially started.
Georgia and Azerbaijan are deepening bilateral transport relations and discussing ways to increase the competitiveness of the Europe-Caucasus-Asia transport corridor.
Georgia, Iran, Armenia and Russia are deepening cooperation in the energy sector by increasing the efficiency of the countries electrical systems.