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345826
Mon, 10/27/2014 - 14:51
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Azerbaijan-Georgia-Turkey corridor to provide electricity supplies to European market

Baku, Azerbaijan, Oct.27 By Emil Ismayilov - Trend: Electricity will become an additional product in the development of Azerbaijan-Georgia-Turkey energy corridor. The deputy minister of energy of Georgia Mariam Valishvili made the remarks Oct.27 in Baku during the XIII Conference on investments and regulation of energy of the Energy Regulators Regional Association. She said that the development of Azerbaijan-Georgia-Turkey corridor is essential in ensuring the supply of electricity to the European market and will play an important role in the expansion of energy supplies from the Caspian region in the future. "Development of this energy corridor, which is the result of close cooperation, is essential for the economy of both Azerbaijan and Georgia and Turkey," said Valishvili. She said that another area of cooperation within the framework of the project is the development of the energy bridge corridor between the three countries. Electricity export on Azerbaijan-Georgia-Turkey route can begin before the end of 2015, the minister of energy Natig Aliyev said earlier. Currently, the power grid of Azerbaijan is 7105 MW, which exceeds the republic’s need for electricity by 1,500 megawatts. The country is able to produce annually about 22 billion kilowatt-hours of electricity, which creates an annual export capacity of 2.3 billion kilowatt hours. Reports will be heard at the event and discussions held on such topics as the power industry of Azerbaijan, security of energy supply, the problems in the use of renewable energy and empowerment of consumers on the energy market. The Conference on investments and energy regulation of ERRA annually attracts about 300 representatives of more than 100 regulators, experts, investors, scientists, consumers representatives, organizations for environmental protection, agencies on development and other professionals from the countries of Central and Eastern Europe, North America to participate in its work. Follow us on Twitter @TRENDNewsAgency

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