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Power aggregating 9th block closed down for maintenance works

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  • Power aggregating 9th block closed down for maintenance works

    Batumi News
    April 1 2004

    Power aggregating 9th block closed down for maintenance works


    The `Mtkvari' Ltd., owner of the `Tbilsres', closed down the ninth
    power aggregating block on the agreement with the wholesale power
    market.


    The block was reported to be put to repairing works for winter
    2004-2005, the company source said they are going to provide seasonal
    maintenance works. However, presently, the power aggregating block is
    at a nonplus with the financial crisis, due to the overdue debts of
    the wholesale market.

    The wholesale market incurred 51 million GEL, consuming 2/3 of the
    aggregated power. The contract signed between the state - owned
    company and the `Mtkvari' Ltd. sets 30 million GEL as the maximum
    liability the state might have run up, permitting the `Mtkvari' Ltd.
    to stop the block ahead of schedule.

    The Telas, the key power supplier of Tbilisi, reported it will not
    spark power shortages. Seamless power consumption by the capital
    makes up 6 million kwt. of which 3 million kwt. is Armenia imported,
    3 million kwt. is aggregated with the Georgian power stations.
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