Georgia, Tbilisi, May 4 / Trend N. Kirtskhalia /
Construction of Akhaltsikhe 500/400/220 kV substation and HVDC (high voltage direct current) back-to-back station officially opened on May 3.
These facilities are part of the Black Sea Transmission Network Project ("Project") implemented by LLC Georgian State Electrosystem and its subsidiary company Energotrans.
The Contract Price of Akhaltsikhe 500/400/220 kV substation and HVDC link is 158.8 million euro. The entire Project funding is provided by the European Bank for Reconstruction and Development (EBRD) - 80 million euro, the European Investment Bank (EIB) - 80 million euro, German Development Bank (KfW) - 100 million euro, Government of Georgia - 53 euro, and grant of the Neighbourhood Investment Facility (NIF/EU) - 8 million euro.
The project implementation works commenced on September 1, 2010 and are scheduled for completion in May 2013.
Specifically, implementation of the Project will result in stabilization of Georgia's power transmission network.