Negotiations on joint control of Inguri HEP are broken off

A memorandum with RAO EUS of Russia on joint control of the Inguri Hydroelectric Plant could be rescinded. The negotiations between the Georgian Energy Ministry and the Russian company have been broken off. The Ministry claims that the German side started financing the reconstruction of two aggregates, reports Business Georgia. Mariam Valishvili, first Deputy Energy Minister claimed that negotiations with RAO EUS is not of interest, and the RAO EUS also is not interested in the agreement. The German company Voith Hydro allocated a credit of 20 million euros to reconstruct the aggregates of the Inguri HEP. «All the energy produced will stay in the country, surplus energy will be exported», claimed Valiashvili.