30 December 2008 - Electricity generated in Russia will be exported to Turkey through the territory of Georgia.
A subsidiary of INTER RAO UES – TGR Enerji, which was established in Turkey, received permission for exporting Russian electricity via Georgia, the press service of INTER RAO UES said on Monday.
According to the press service, "the decision to approve electricity imports [from Russia] was made at a meeting of the Turkish committee on energy market regulation on December 24, 2008."
Earlier, the company processed an application for exporting Russia-generated electricity, the press service explained.
Amounts of electricity to be exported will be determined later in a separate agreement, the press service said.
Electricity will be exported through the existing transmission line from a substation in Batumi (Georgia) to a substation Hopa in Turkey in compliance with the method of separate district supplies.
TGR Enerji, a Turkish energy trader, merged with the INTER RAO UES group in 2005.
Somewhat later the company received a licence for wholesale trade in electricity in Turkey.
The company is implementing INTER RAO UES business projects in the Black Sea area.
INTER RAO UES is a Russian trans-national energy company, which controls several generation, distribution and trading assets in Russia and abroad.
The aggregate capacity of the power plants controlled by the company is about 8000 MW.
INTER RAO UES is a Russian electricity trading and holding company. The present-day company, incorporated in 2008 as an open type corporation, is a successor to the eponymous company, which was established by RAO UES in May 1997 with the purpose to consolidate energy generation and sales on foreign markets.
As of July, 2008, INTER RAO UES is owned by the state-run Russian Atomic Energy Agency (60 per cent) and Russian Nuclear Energy Producer Rosenergoatom (40 per cent), but the company statute allows divestment of non-controlling shares to private investors.