VOL. XLIV

No 48

26-November-2001

CASPIAN

GeorgianPower Plant To Receive Financing From Statoil

NorwaysStatoil announced on 9 November that it and the Norwegian Ministry of ForeignAffairs would provide financial support to Georgia in order to improve thecountrys capacity to supply energy throughout the winter.A statement released by Statoil said that atotal of NOK3.5mn ($3.9mn) had been earmarked for upgrading Georgiasstate-owned Gardabani power plant. Statoil, which is a participant in the...