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.