Azerbaijani President Ilham Aliyev has approved an intergovernmental agreement with Georgia on cooperation in the supply and transit of electricity. The document has been published on the official website of the head of state.
The agreement, signed by the parties on May 18 in Baku, is concluded for a period of 20 years and regulates the terms of exporting Azerbaijani electricity, as well as its transit through the territory of Georgia. According to the decree, Azerbaijan’s Ministry of Energy has been instructed to ensure the implementation of the agreement, while the Ministry of Foreign Affairs has been tasked with notifying the Georgian side of the completion of all necessary domestic procedures required for the document to enter into force.
The deal was one of the outcomes of a meeting of the Azerbaijani-Georgian intergovernmental commission held in May. At that time, Baku and Tbilisi also agreed to extend for another two decades the agreement on the supply of Azerbaijani natural gas, which has been in force since 2003.
The new agreement is expected to foster further development of energy cooperation between the two nations and strengthen Georgia’s role as a transit hub in regional energy projects. In particular, the document is seen as part of the preparations for the Black Sea submarine high-voltage electricity cable project, which aims to connect the power grids of the South Caucasus and the European Union.
