Georgia will start building 500 kilovolt electricity line to Turkey this September to increase its export capabilities, the Georgian Energy Ministry said on March 19.
The new high-voltage power line will add up to already existing 200 kilovolt line, linking the two countries. EUR 210 million project, co-financed by EBRD; the European Investment Bank and Germany state-owned bank KfW, is expected to be completed in 2012.
“This project will enable Georgia to increase its export capacity ten fold, that will help the country to improve its trade balance and increase the means for trading in electricity in the Caucasus through setting up the centers for electricity exchange with neighboring countries. Construction of the new power line can really be described as the project of century,” Sulkhan Zumburidze, director of the state power dispatcher, Georgia State Electrosystem, said at the project presentation on March 19.
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