Tbilisi, Georgia, Sept. 4
By Nana Kirtzkhalia - Trend:
The Georgian government and the World Bank (WB) signed an agreement in connection with the allocation of the preferential funds in the amount of $60 million to implement a project to improve the transmission network in Georgia.
The document was signed by Georgian Minister of Finance Nodar Khaduri and World Bank Regional Director for the South Caucasus Henry Kerali.
Georgian Deputy Prime Minister, Minister of Energy Kakha Kaladze attended the ceremony.
High voltage power lines are planned to be built from Akhaltsikhe to Batumi in accordance with the project.
This project will contribute to improve the reliability of power supply of "Batumi" substation and regions of Adjara and Guria.
"The WB support for the energy sector is very important for Georgia," Khaduri added. "The signed project of strengthening the transmission network will increase energy security of our country, as well as contribute to the export of electricity."
The process of implementing a very important project starts, Georgian Deputy Prime Minister Kakha Kaladze said.
"Power engineering is one of the most important areas in our country," he said. "We must do everything for the country to be energy independent."
"It is important that the amount set by the agreement will be mainly used for the implementation of the project to improve the transmission network," Kerali said.
"The project includes increasing the reliability of the transmission system, as well as strengthening the country's transit potential by improving infrastructure," he said.
The project is being implemented by the Georgian State Electric System. A relevant agreement was signed by director general of the company Sulkhan Zumburidze and World Bank Regional Director for the South Caucasus Henry Kerali.