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Georgia to Promote Trade Advantages of its Electricity

Georgia to Promote Trade Advantages of its Electricity

The Cross-Border Electricity Trading Summit was opened today by Georgia’s Energy Minister Kakha Kaladze and the United States Agency for International Development’s (USAID) Caucasus Mission Director Douglas H. Ball.

The main objective of the Summit is to bring electricity suppliers together to discuss how to create a competitive trading environment for the electricity produced in Georgia.

As a result decision-making representative from the electricity sector, international financing institutions, private investors, experts and scientists participated in the Summit.

“In order to facilitate cross-border trade we actively continue construction and rehabilitation of the energy infrastructure that connects Georgia to its neighbor trading countries. I would underline the Black Sea Transmission Network Project,” Kaladze said.

Georgia was the first country in the Caucasus region to install a high-voltage direct current station (HVDC).

“Thanks to this project Georgia is now able to supply firstly the Turkish energy market and later the European Union countries with renewable energy. Our goal is for Georgia’s energy sector to play the leading role in developing the region,” Kaladze said.