Georgia strives to become regional hub for electricity trade

Large European energy companies Nord Pool and Bluberries will prepare recommendations for Georgia to help the country become a regional hub for electricity trade.

Georgia’s Economy Minister Dimitry Kumsishvili has met the representatives of both energy companies in Georgia’s capital of Tbilisi today. As a result of this meeting the sides agreed to sign a Memorandum of Cooperation (MoC).

Within the MoC Nord Pool and Bluberries will have to prepare recommendations for Georgia during a one year period of time.

The recommendations will provide guidelines on how to create a competitive electricity market in Georgia and how to become the regional hub for electricity trade.

Georgia’s Economy Minister also talked about electricity market reform projects at the meeting.