Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Friday January 15 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Azerbaijan, main electricity supplier to Georgia

24 December 2018 12:25 (UTC+04:00)
3 356

By Leman Mammadova

Georgia imported more than 1.28 billion kilowatt-hours of electricity in January-November 2018, the report of the Georgian Electricity System Commercial Operator (ESCO) said.

More than 1 billion kilowatt/hours of electricity imported by Georgia over this period accounted for Azerbaijan.

The volume of electricity imported by Georgia in November amounted to 219 million kWhr, 215.5 million kWh or 98 percent of which was supplied by Azerbaijan.

During the first eleven months of 2018, Georgia's electricity exports amounted to 588.6 million kWh, 23.1 million kWh of which were sent to Azerbaijan.

Recently, Azerbaijan and Georgia signed a memorandum on the prospects of Azerbaijani-Georgian power systems after discussion of the state of the power systems of Azerbaijan and Georgia, as well as the construction of a 330 kW two-way (duplex) transmission line.

Azerenergy JSC is the main exporter of electric energy in Azerbaijan.

Azerbaijan exported 1.380 billion kWh of electricity worth $64.9 million, that is 444.7 million kWh of 47.55 percent more than in the previous year, according to the State Customs Committee (SCC). The electricity was sold at $0.047 or 0.0799 manats a kWh. Electricity export made up 0.42 percent of Azerbaijan’s total export.

Georgia is expected to double electricity imports per year. According to the forecast of Georgian Ministry of Economy and Sustainable Development, Georgia will import more than 2.8 million kWh of electricity in 2019. The current import was 1.4 million kilowatt / hour. The maximum limit for imports in the next year is predicted to be 407.9 million kWh in March.

The creation of the Azerbaijan-Georgia-Turkey energy bridge will enable to integrate into the European electricity market in the future.

Georgia can join the European energy system through the submarine power line in the Black Sea. It is expected to implement line linking of Georgia with Bulgaria and Romania. More than $ 3 billion will be spent on construction. In this case, Georgia will be connected to the European energy grid, that means Azerbaijan will also be able to supply electricity to Europe.

Bilateral diplomatic relations between Baku and Tbilisi are manifested in the various fields particularly trade, transport and energy since 1992.

The two countries broadly cooperate in regional energy development, transportation and economic partnership projects such as Southern Gas Corridor, Baku-Tbilisi-Ceyhan pipeline (BTC), Kars-Tbilisi-Baku railway (BTK), the TRACECA, and the BSEC.

SOCAR also is deeply involved in the energy market in Georgia which was established in 2006. The company's activity includes retail and bulk selling of fuel in Georgia, importing of petroleum and liquid gas, construction of oil terminals and warehouses. At present, there are over 70 filling stations operating in the country.

---

Follow us on Twitter @AzerNewsAz  

Category News

Azerbaijani oil prices decline

Azerbaijani oil prices decline

14 January 16:17
EIA increases forecast for Azerbaijan’s oil production volume in 2021

EIA increases forecast for Azerbaijan’s oil production volume in 2021

14 January 14:45
Azerbaijani oil prices on the rise

Azerbaijani oil prices on the rise

13 January 16:59
Oil prices dip on rising virus cases; expected stock draw stems losses

Oil prices dip on rising virus cases; expected stock draw stems losses

12 January 15:34
Azerbaijan fulfills its commitments under OPEC+ agreement in December

Azerbaijan fulfills its commitments under OPEC+ agreement in December

12 January 13:24
Production at Shah Deniz gas condensate field to increase in 2021

Production at Shah Deniz gas condensate field to increase in 2021

12 January 12:18
Azerbaijan boosts gas export by 16.9 pct in 2020

Azerbaijan boosts gas export by 16.9 pct in 2020

11 January 13:19
Azerbaijan to prepare draft fuel and energy balance for next 4 years

Azerbaijan to prepare draft fuel and energy balance for next 4 years

11 January 11:24
SGC boosting Azerbaijan’s economic growth - US embassy in Azerbaijan

SGC boosting Azerbaijan’s economic growth - US embassy in Azerbaijan

9 January 11:19
Launch of Trans-Adriatic Pipeline ensures supply of Azerbaijani gas to Italy -Turkish MFA

Launch of Trans-Adriatic Pipeline ensures supply of Azerbaijani gas to Italy -Turkish MFA

8 January 15:40
  • Latest
  • Popular
19:50 • OSCE Chairperson-in-Office appoints Special Representative for South Caucasus
19:35 • Azerbaijan announces starting date for COVID-19 vaccination
19:26 • Azerbaijani ombudsman visits persons detained during anti-terror operations in liberated lands
19:15 • Azerbaijan shows video footage from Gasimli village of Aghdam district [VIDEO]
19:00 • Azerbaijan discloses amount of compensation paid to depositors of closed banks
18:54 • Azerbaijani wagon washing station shows record performance following automation [PHOTO]
18:39 • Karabakh regional branch of Regional Development Public Association to operate in Shusha
18:26 • Azerbaijan reveals number of vessels repaired at 'Bibiheybat' Shipyard in 2020
18:10 • Schoolchildren gain their first achievement in 2021 with Azercell’s support
18:00 • President Aliyev: Great return to liberated lands begins [UPDATE]
18:00 • Rainless weather expected in regions
17:51 • Azerbaijan's medical authority talks effectiveness of Sinovac vaccine
17:40 • Azerbaijani FM meets with ICESCO Director General
17:27 • Azerbaijan's Ministry of Economy to contribute to turning Karabakh into prosperous region
17:21 • First Vice-President Mehriban Aliyeva: I am very happy to be in our liberated ancient city of Shusha [VIDEO]
17:15 • Azerbaijani manat significantly undervalued against US dollar, study finds
17:05 • Country registers 349 new COVID-19 cases
17:00 • Azerbaijan shows video footage from Boyuk Marjanli village of Jabrayil district [PHOTO/VIDEO]
16:55 • Ukraine excludes Azerbaijan from list of dangerous countries due to COVID-19
16:48 • Precious metal prices up in Azerbaijan
11:20 • Azerbaijan warns Armenia over illegal visits to Nagorno-Karabakh
10:00 • Azerbaijan among TOP-5 happiest countries
18:00 • President Aliyev: Great return to liberated lands begins [UPDATE]
12:25 • Defence Ministry sapper units continue to demine liberated territories
16:12 • Azerbaijan's President Ilham Aliyev forming new economic map of region
14:27 • TOTAL committed to joint projects with Azerbaijan despite France's biased position [PHOTO]
13:35 • Azerbaijan to build 37-storey building for its Central Bank
12:47 • Mud volcano erupts in Gobustan
13:10 • Albanian temples in previously occupied Azerbaijani lands transformed into Armenian Gregorian churches
12:30 • National judokas win silver medals in Qatar [PHOTO]
13:50 • ICESCO proposes to declare Shusha as capital of Islamic world [PHOTO]
11:59 • Azerbaijan's PM signs order on restoration of facilities damaged in Patriotic War
10:50 • Presentation of books on Azerbaijan's Karabakh in Kazakh language held [PHOTO/VIDEO]
15:45 • Azerbaijan Woman Awards to be held in Baku [PHOTO]
10:23 • Azerbaijani defence chief, Japanese envoy mull military cooperation
15:42 • FMs of Russia and Iran to discuss situation around Nagorno-Karabakh
11:38 • Azerbaijani FM meets with Prime Minister of Pakistan
10:36 • Currency rates for Jan. 15
15:00 • Chief editor of Trend News Agency beats COVID-19, grateful to First VP Mehriban Aliyeva
14:50 • PASTPRESENTFUTURE solo-show of Azerbaijani Aida Mahmudova presented in New York
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved