Georgia strives to become regional hub for electricity trade

  • Nord Pool and Bluberries will have to prepare recommendations for Georgia. Photo from Georgia's Ministry of Economy.
Agenda.ge, 26 Feb 2018 - 16:26, Tbilisi,Georgia

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.

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