ESCO News
Mr. Alexander Papiashvili, Deputy General Director of the Electricity System Commercial Operator, together with Mrs. Tamar Tsurtsumia, Head of the International and Investors Relations Department, and Mrs. Anna Tomaradze, Head of the Legal Department, met with the German Economic Team (GET), an organization established by the German Ministry of Economy and Climate, to discuss the preparatory works of the submarine electric cable project planned in the Black Sea.
ESCO held a meeting with the well-known Turkish trading company "Axpo Turkey Enerji A.Ş". The purpose of the meeting was for the guests to discuss business opportunities and prospects in the field of energy trade in Georgia...
“Mestiatchala Energy” LLC (in the part of Mestiatchala 1 HPP) is registered as a qualified enterprise to take part in the wholesale trade as Power Plant - During The Test Run And/Or Complex Testing, in the amount of 60 calendar days from December 4, 2023, in accordance with the “Electricity (Capacity) Market Rules”.
From December 1, 2023, the Electricity Market Operator has registered “Udabno” LLC to take part in the wholesale trade as Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.
From November 27, 2023, the Electricity Market Operator has registered the “Parvus” LLC (in the part of Toloshi HPP) to take part in the wholesale trade as Power Plant - During The Test Run And/Or Complex Testing, in accordance with the “Electricity (Capacity) Market Rules”.
The General Director of ESCO, Mr. Kakhaber Keburia, and his deputy, Mr. Alexander Papiashvili, participated in the European Energy Union Conference "Investment Support for Renewable Energy Sources". The event took place on November 16 in Ljubljana, Slovenia...
In October 2023, the quantity of balancing electricity, purchased (sold) through ESCO was 264 729 584 kWh, which represents 26% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 39 715 783.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In October, the Weighted Average Price of balancing electricity per kWh made up 15.0023972 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 11.733 Tetri.
Mr. Kakhaber Keburia, General Director of ESCO, participated in the session and workshop supported by USAID's Energy Futures Program and organized by the United States Agency for International Development (USAID) and the Parliament of Georgia.
From November 1, 2023, the Electricity Market Operator has registered “Lomisi” JSC to take part in the wholesale trade as a Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.
From October 26, 2023, the Electricity Market Operator has registered the “TFZ Services” LLC to take part in the wholesale trade as Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.
