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Tag Archives: energy

Tsipras: Greece to be Energy Hub Thanks to TAP

Pursuing multi-vector foreign and energy policies, Greece will become an energy hub, Greek Prime Minister Alexis Tsipras said at a press conference Sept.11, RIA Novosti reported. He said the energy routes of the 21st century will go through Greece. “To a large extent we have succeeded in this thanks to …

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Ilham Aliyev: Azerbaijan, Georgia Linked by Projects in Transport, Energy Fields

Azerbaijan’s President Ilham Aliyev received Georgia’s Prime Minister Giorgi Kvirikashvili Aug. 31. “You have quite frequently been visiting Azerbaijan. Now you are visiting as a Prime Minister. I am very glad,” said the president. Ilham Aliyev expressed confidence that this visit will promote the strengthening of relations in the future. …

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Smart Energy Meters To Be Installed in Georgia

To improve efficiency of country’s energy system, feasibility of installing smart networks including “Smart Meters” for both retail and wholesale consumers is planned. According to strategy of Ministry of Energy research will reveal their spread of reasonable terms and conditions. This also responds to EU № 2009/72/EC directive which is about …

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Electricity Consumption Grows after Georgian Manganese Resumes Works

In June electricity consumption by direct consumers increased by 6.4% after Georgian Manganese (GM) resumed mining works. According to Galt&Tagart information, the full effect of restoration of works by GM was recorded in June, because the company resumed works on May 20. The consumption by Georgian Manganese has increased by …

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Georgia Denies Information on Iranian Gas Import

The Georgian Ministry of Energy has no information on the conclusion of contracts for the import of Iranian gas to the country, Mariam Valishvili, Georgia’s deputy energy minister, told Trend. Earlier, the Iranian IRNA news agency reported with reference to the country’s Oil Minister Bijan Namdar Zanganeh that the test …

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Who will Build Namakhvani HPP, Three Companies Moved to Second Stage

Mamuka Kobakhidze, director of “Energy Development Fund” declares, that interest expression announced on Namakhvan HPP Cascade is finished and selection is carried among three companies. The so-called short listed candidates are China Power, Georgian-Austrian company General Power and Clean Energy Invest. Kobakidze declares that financial details and fusibility studies of the …

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The EBRD Allocated US$ 155 mln to Rustavi Azot

The EBRD Allocated US$ 155 mln to Rustavi Azot

“European Bank Reconstruction and Development” (EBRD), is considering extending financing of up to US$ 155 million (€136 million) to Rustavi Azot LLC. The agreement is already signed among the sides and it should be matered after several procedures. According to the company, the project is expected to achieve a positive transition …

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Georgian Energy Sector Development Perspectives without Khudoni HPP

The strategic objective of the energy sector development is to ensure free access to power resources and reliability of supply of these resources. Reasonable employment of resources is a main mission of governments in any country. Everybody agrees that full employment of energy potential and construction of generation facilities is …

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Major Energy Project that Georgia will Implement

Major Energy Project that Georgia will Implement

In his public letter Bidzina Ivanishvili, the former Prime Minister of Georgia, has appraised the four-year performance of the Georgian Dream ruling party. Mr. Ivanishvili has also overviewed the economic performance of the current Authorities. According to the public address, 114 memorandums have been signed on implementing renewable energy projects. …

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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 …

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TAP to Be Able to Transport More Gas

The design if the Trans Adriatic Pipeline (TAP) is flexible, which will enable it to transport more gas, and therefore contribute to an even greater extent to Europe’s energy security and diversification, Ian Bradshaw, Managing Director at TAP AG said in an interview with Trend on May 16. He mentioned …

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