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Inter RAO analyzes proposals for selling assets in Georgia, not selling grids — CEO

April 08, 18:58 UTC+3 MOSCOW
It was reported earlier that Russia’s energy company Inter RAO may sell its assets in Georgia, particularly Blocks 9 and 10 of Tbilisi Thermal Power Plant
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© Artur Lebedev/ITAR-TASS

MOSCOW, April 8. /TASS/. Inter RAO analyzes proposals for selling several assets in Georgia, grids are not planned for sale, Chairman of the Management Board Boris Kovalchuk said on Friday.

"We are not going to sell grids in Georgia. As for the generation, we can consider proposals if the price is right. There are several proposals for our assets in Georgia. We are analyzing them," he said.

At the same time, Kovalchuk has denied speculations about closing a deal on sell generation assets in Georgia. "It's not true," he said, adding that proposals have been made.

It was reported earlier that Russia’s energy company Inter RAO may sell its assets in Georgia, particularly Blocks 9 and 10 of Tbilisi Thermal Power Plant.

A source close to its subsidiary Mtkvari Energy LLC told TASS that the deal on sale of Mtkvari Energy was not ruled out. At the time, Inter RAO refused to comment on that information.

Mtkvari Energy is a Georgian energy company generating and selling electric power. The main asset of the company is Mtkvari Thermal Power Plant situated 40 km southeastward of Tbilisi, which is the largest thermal power plant in Georgia.

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