Georgia concerned over RA -Turkish rapprochement

September 14, 2009 - 18:38 AMT
PanARMENIAN.Net - Georgian and Turkish state electro systems signed an agreement on parallel construction of Euro 300 million high voltage Black Sea power transmission line, financed by EBRD/KfW/EIB.



Contract terms are of major importance, as, according to information circulated, Turkey could have hampered project's implementation, based on political situation resulting from RA-Turkish rapprochement.



According to Sulkhan Zumburidze, director of the state power dispatcher Georgian State Electro system, project realization is not threatened, as, by the contract already signed, Turkey has undertaken certain obligations and the construction is due to start before the end of 2009. No parallel negotiations are conducted between Turkey and RA, State Electro system director assured.



500 KW Black Sea power transmission line will increase Georgia's exporting capacity. Akhaltske 500 kW power construction is scheduled for 2009-20012.
 Top stories
Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”Armenia dismisses Turkey’s demand to shut down nuclear plant as “inappropriate”
Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”.
Armenia to loan AMD 2.9 billion to KarabakhArmenia to loan AMD 2.9 billion to Karabakh
Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision.
Azerbaijan opposes Armenia’s plans to build new metallurgical plantAzerbaijan opposes Armenia’s plans to build new metallurgical plant
The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision.
Armenia attracts record amount of foreign direct investments, says MinisterArmenia attracts record amount of foreign direct investments, says Minister
Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.
Partner news
 Articles
4 rules for business success

An ultimate guide

 Most popular in the section
Armenia's international reserves grew by 8.9% in 2022
IDBank to participate in Career City Fest 2023
Armenia-Iran trade grew 45% in January-October – official
Shell already in Armenia: First fuel stations put into operation
Home
All news
Overview: Economy
Archive for September 14, 2009
Other news in this section
  Related sections
World
 Latest news
Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.
Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.
Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.
Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.
---