ESCO News
On April 23, 2018, ESCO announced the electronic tender (SPA 180004112) on purchase of a server with the estimated value of GEL 390000 (including VAT). The deadline for bidding expires on May 14, 2018, at 13:00.
From April 19, 2018, the Electricity Market Operator has registered the “KHEORI HPP” LTD 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”.
On April 18, 2018, the employees of Electricity Market Operator made a selfless donation to support the elimination of Georgian Blood Bank's blood deficit. Donating blood by one donor means at least one saved life. We are very pleased that, at the initiative of Georgian Blood Bank, ESCO was able to conduct such an act of goodwill.
On April 19, 2018, the Electronic Tender (SPA 170003997) was announced on purchase of stationery goods, which cost GEL 1 800. The deadline for bidding is on April 27, 2018, at 13:30.
In March 2018, the quantity of balancing electricity, purchased (sold) through ESCO was 282 062 171.9 kWh, which represents 25% of total delivery to the grid in mentioned month. The cost of balancing electricity have made up 34 488 169.8 GEL.
♦ - Sold through the direct contracts
♦ - Balancing electricity
In March, the Weighted Average Price of balancing electricity per kWh made up 12.2271518 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 11.248 Tetri/kWh.
From April 11, 2018, the Electricity Market Operator has registered the “HYDROENERGY” LTD to take part in the wholesale trade as a Small Power Plant, in accordance with the “Electricity (Capacity) Market Rules”.
From April 10, 2018, the Electricity Market Operator has cancelled the registration of “HYDROENERGY” LTD as a Power Plant - During the Test Run and/or a Comprehensive Testing and in accordance with the “Electricity (Capacity) Market Rules”, it is no more considered as a wholesale trade participant.
From March 19, 2018, the Electricity Market Operator has registered the “HYDROENERGY” LTD 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”.
Mr. John Svinsko - Segnior Expert of USAID Energy Program visited the Electricity Market Operator. During this meeting, ESCO was represented by its Director General - Vakhtang Amboakadze, the Head of Trade Organization and Electricity Market Development Department - Zaza Gergaya and the representatives of same department. The aim of the visit was to analyze and review together with ESCO the new energy market model, news and perspectives.
The Electricity Market Operator held the business meetings with the companies: Clifford Chance and ENKA, to discuss the issues related to Namakhvani HPP. In addition, the meetings were held with the representatives of International Finance Corporation IFC and World Bank Group/MIGA. The topics of the meetings included the review of draft agreement and memorandum on guaranteed purchase of electricity, generated by Namakhvani HPP and the analysis of trade relations relevant with the new market model.
