ESCO News
Business meeting with the World Bank representatives: Mr. Joseph Melitauri (Senior Operations Officer, Europe & Central Asia Region Energy & Extractives Global Practice) and Mr. Nodar Mosashvili (Financial Consultant) was held at the office of ESCO. Number of issues about the ESCO’s financial performance and related forecast were discussed, as the ESCO’s financial stability is an important factor for the World Bank in terms of investments in this field.
In February 2017, the quantity of balancing electricity, purchased (sold) through ESCO was 336 372 176.6 kWh, which represents 33% of total delivery to the grid in mentioned month. The cost of balancing electricity have made up 45 518 563.6 GEL.
♦ - Sold through the direct contracts
♦ - Balancing electricity
In February, the Weighted Average Price of balancing electricity per kWh made up 13.5322024 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 14.234 Tetri/kWh
On March 09, 2017, Simplified Electronic Tender (NAT 170002371) has been announced on purchase of stationery goods, which cost GEL 2 930 (VAT excluded). The deadline for bidding is on March 15, 2017, at 17:00.
The ESCO has organized the business meeting within the project financed by the European Bank for Reconstruction and Development (EBRD), aimed at modernizing the Georgian Energy Market in line with European standards, to the support the Georgian Government.
From March 01, 2017, will be cancelled the registration of “KG ENERGY” Ltd as an Exporter by the Electricity Market Operator and in accordance with the “Electricity (Capacity) Market Rules”, it will be no more considered as a wholesale trade participant.
From February 01, 2017, the Electricity Market Operator has registered the JSC “ENERGO-PRO GEORGIA GENERATION” to take part in the wholesale trade as a Small Power Plant, in accordance with the “Electricity (Capacity) Market Rules”.
From February 01, 2017, the Electricity Market Operator has registered the JSC “ENERGO-PRO GEORGIA GENERATION” to take part in the wholesale trade as a Generation Licensee, in accordance with the “Electricity (Capacity) Market Rules”.
From February 01, 2017, the Electricity Market Operator has cancelled the registration of JSC “ENERGO-PRO GEORGIA” as a Generation Licensee and Small Power Plant and in accordance with the “Electricity (Capacity) Market Rules”, it is no more considered as a wholesale trade participant.
In January 2017, the quantity of balancing electricity, purchased (sold) through ESCO was 315 489 984 kWh, which represents 28% of total delivery to the grid in mentioned month. The cost of balancing electricity have made up 43 060 065.35 GEL.
♦ - Sold through the direct contracts
♦ - Balancing electricity
In January, the Weighted Average Price of balancing electricity per kWh made up 13.6486315 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 14.234 Tetri/kWh.
The Electricity Market Operator held a business meeting with the representatives of "Adjar Energy 2007". The meeting focused on the draft contract of guaranteed power purchase by the ESCO
