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Monthly Archives: April 2016

World Bank to Allocate $1B for TANAP Construction

tanap-nabucco

The World Bank (WB) will provide $1 billion for funding of the construction project of the Trans-Anatolian Natural Gas Pipeline (TANAP), the Turkish newspaper Hurriyet reported. Besides the WB’s loan, it is expected that $1.07 billion will be allocated by the European Investment Bank (EIB), according to the newspaper. The …

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First Quarter Records 1.8% Upturn in Georgia’s Electricity Consumption

Electricity

Georgia’s annual electricity consumption in March rose by 1% and in the first quarter – by 1.8%. The consumption reduction is explained by the 2015 high growth paces, on the one hand, and comparatively warmer weather in March, on the other hand. According to Galt&Taggart, consumption of distributing licensees have …

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Bakhtadze: European-standard Adjusted Trains to Serve Disabled Bodies

Mamuka Bakhtadze: Modernization of Georgian Railway Should be Finished in 2019

In summer 2016 bi-level rail cars will operate in the Georgian Railway network. “This is a special event in the history of Georgian Railway, because we have never purchased trains of this type and quality”, Georgian Railway director general Mamuka Bakhtadze told the BPI. The Stadler bi-level train is made …

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Gardabani-2 Steam Power Station Construction to Start in 2017

The construction of Gardabani-2 steam power plant will start in 2017. With 240-mgwat installed generation the power station will embrace technical specifications identically to the Gardabani-1 combined-cycle steam power facility. The supposed value of the steam power plant construction is 190 million USD. According to the Georgian Oil and Gas …

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Frontera Announces About the Renovation of Natural gas Exploration

Frontera Announces About the Renovation of Natural gas Exploration

Frontera Resources announces an operations update for its work in the South Kakheti Gas Complex’s Gas Window initiative. Operations at the Udabno#2 well are now continuing in May. Frontera plans to undertake a testing program designed to evaluate an extensive gas-bearing interval of approximately 2,000 meters in gross thickness where internal …

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“Didgori Valley” has Suspended Vodka Production

"Didgori Valley" has Suspended Vodka Production

Due to having problems with the production realization, the enterprise “Didgori Valley” has suspended vodka production and bottling processes. This information was provided by the founder of the enterprise, Petre Jmukhadze. He announced that the one of the reason why the company stopped its production is that it is newly …

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Security Features on Georgian Currency Notes to avoid Money Laundering

Security Features on Georgian Currency Notes to avoid Money Laundering

Georgian Lari (GEL) is the only legal tender in the country. “Lari” is the old Georgian word meaning treasure and property. “Tetri” is one-hundredth part of Georgian Lari. Since 1995, 1, 2, 10, 20, 50 and 100 lari denominated banknotes were in circulation within the country adding 1, 2, 5, 10, 20, and …

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A Successful Cooperation with the Successful Companies

A Successful Cooperation with the Successful Companies

State vocational colleges are successfully implementing the German model of dual vocational education in different directions, which ultimately implies the involvement of the private sector in the vocational education process. The vocational colleges are having an active cooperation with private companies in terms of providing necessary internships for the students, …

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