Baku, Azerbaijan, October 4
By Tamilla Mammadova – Trend:
Exports of electricity from Georgia more than halved in January-August 2019 (-59.1 percent year-on-year) and accounted for 2.6 percent of total electricity supply (compared to 6.3 percent in January-August 2018), Trend reports referring to Galt & Taggart, Georgian research of investment company .
Continuous reduction in exports over years is explained by increased local consumption and poor generation, the report said.
Turkey was the largest export direction for Georgia (46.9 percent of total). The exporters to Turkey were Georgian Urban Energy and Achar Energy-2007, which were exporting electricity based on their long term Transmission and Dispatch Agreements with Turkish partners, and Bakhvi Hydro Power.
Electricity System Commercial Operator of Georgia (ESCO) was the sole exporter of energy to Russia and Azerbaijan.
Average price of electricity exported from Georgia increased by 15.7 percent year-on-year in January-August 2019, and this is explained by change in export mix in favor of more expensive markets, said the company.