UES Wants to Invest in Abkhazia
Chief of Russian state-run Unified Energy System (UES) Anatoly Chubais said on September 17 that the UES wants to make investment in Georgia?s breakaway region of Abkhazia.
?Georgia, particularly Abkhazia, has a serious potential for investments. We are ready to study this issue thoroughly,? Chubais said at the news briefing in Moscow.
He also said that the UES seeks for the management rights over the Enguri hydro power plant, located on the administrative border between breakaway Abkhazia and the rest of Georgia.
Enguri hydroelectric station is the largest in the country and produces 700 megawatt of electricity per day. Georgia?s breakaway region of Abkhazia also receives the electricity from Enguri station.
During the talks in Sochi on March 7 President Shevardnadze and his Russian counterpart Putin agreed on joint measures to rehabilitate power facilities in Abkhazia, including the Enguri power plant. In the wake of this agreement Russian President requested the UES to work over the issue.
The Russian energy giant UES has recently purchased a 75% stake in the Telasi electricity distribution facility in Tbilisi from the U.S. company AES.
