ESCO News
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.
The Electricity Market Operator held a business meeting with the representatives of Energoinvest. The aim of the meeting was to review the project on guaranteed purchase of power, generated by Avani HPP. Energoinvest was represented by the Director of Avani HPP - Kakha Kobaidze and the representatives of legal and energy units. From the side of ESCO the meeting was led by its Deputy Director General - Zaza Dvalishvili and attended by the Head of Legal Department - Ana Tomaradze and the representatives of various departments.
The representatives of Korean company SK: Mr. Soy Lee (Executive Vice President), Mr. Chang Yong Hong (General Manager) and Mr. Jongo Takti (Marketing Manager) visited the Electricity Market Operator. During the meeting, ESCO was represented by its General Director - Vakhtang Ambokadze and the heads of International Relations and Investor Relations and Legal departments.
In February 2018, the quantity of balancing electricity, purchased (sold) through ESCO was 256 396 894.4 kWh, which represents 23% of total delivery to the grid in mentioned month. The cost of balancing electricity have made up 33 089 858.3 GEL.
♦ - Sold through the direct contracts
♦ - Balancing electricity
In February, the Weighted Average Price of Balancing Electricity per kWh made up 13.1102478 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 11.248 Tetri/kWh.
On March 09, 2018, ESCO announced the Electronic Tender (SPA180002760) on purchase of computer equipment and accessories (cables, flash drives, mice, etc.), which cost GEL 2360. The deadline for submission of tender proposal ends on March 19, 2018.
On March 02, 2018, ESCO announced the electronic tender (SPA180002520) for purchase of light bulbs for ceiling with total estimated cost of GEL 1 750.
The deadline for submission of tender proposal ends on March 12, 2018.
