Georgia, Tbilisi, April 11 / Trend N.Kirtskhalia /
Georgian Energy Minister Kakha Kaladze denied on Thursday reported information about the elimination of the investment liabilities of OJSC Inter RAO UES published by the Russian Kommersant newspaper.
According to the publication, Georgia abolished all the investment liabilities of the Russian energy company Inter RAO UES in exchange for a 10 per cent rate reduction till 2017.
Under an agreement signed with the former government of Georgia, the Inter RAO UES company through its subsidiary Telasi had to invest 80.5 million lari ($1=1.66 lari) in 2012-1013, but at higher rates. According to the memorandum, the rates were to remain until 2025.
According to Kommersant, before the abolition of the liabilities, Inter RAO UES had invested 19 million GEL in Georgia.