Economy
Posted: 3 years ago

Ex PM Noghaideli: Georgia’s Energy System should Be Developed As Part of United Energy System of the Caucasus

Our geographical location, our capabilities, and the opportunities of our neighbors determine the trans-frontier trade and Georgia’s positive prospects.

We should employ these opportunities in a correct and positive context as soon as possible”, Ex-Prime Minister Zurab Noghaideli, currently a member of ElGreen energy company’s supervisory board noted.

Georgia shares steady high-voltage infrastructure with all four neighbors and therefore, we can carry out electricity exchange with several countries in a parallel regime, he said.

“Only a few countries own such steady connections. Therefore, we and our neighbors should use these advantages to benefit each other. For instance, Azerbaijan holds the opportunity for the reception of base electricity, much better and much cheaper electricity than Georgia, while we have better peak-hour and summer electricity opportunities. Georgia’s energy system should be developed as part of the united energy system of the Caucasus and we should exchange our peak hour and summer excessive electricity for base and winter electricity, for instance, of Azerbaijan (and our neighbors). In this case, our energy system will increase its efficiency”, Zurab Noghaideli noted.