Georgia makes history as regional energy transit country
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Using Georgia to transit electricity between other countries in the region is a "historic event in Georgia’s energy sector”.
The Georgian State Electrosystem today announced Georgia would earn 1 million GEL ($401,735 USD or €359,169*) per month for being an energy corridor that transferred power between Russia and Armenia, and Azerbaijan and Turkey.
This was a "historic event in Georgia’s energy sector”, said the Georgian State Electrosystem.
From February 5, 2016 electricity was being transferred from Russia to Armenia, via Georgia. In a 24-hour period about 30 MW of power could pass through Georgia in this direction.
Meanwhile yesterday, February 7, Georgia started to transfer power from Azerbaijan to Turkey. In a 24-hour period up to 80 MW of electricity could be transferred through Georgia to its destination.
Each month Georgia will earn approximately 1 million GEL ($401,735 USD or €359,169*) through these two transit corridors, said the Georgian State Electrosystem.
* Currency rates are according to today's National Bank of Georgia exchange rate.
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