Georgia strives to become regional hub for electricity trade
Large European energy companies Nord Pool and Bluberries will prepare recommendations for Georgia to help the country become a regional hub for electricity trade, Agenda reports.
Georgia’s Economy Minister Dimitry Kumsishvili has met the representatives of both energy companies in Georgia’s capital of Tbilisi. As a result of this meeting the sides agreed to sign a Memorandum of Cooperation (MoC).
Within the MoC Nord Pool and Bluberries will have to prepare recommendations for Georgia during a one year period of time.
The recommendations will provide guidelines on how to create a competitive electricity market in Georgia and how to become the regional hub for electricity trade.
Georgia’s Economy Minister also talked about electricity market reform projects at the meeting.