The aim of this paper is to analyse the existing potential conditions and economic opportunities for regional electricity cooperation in the South Caucasus, and to work out policy recommendations on a potential technical Task Force to help achieve such cooperation. The paper is structured in three main chapters. The first will help us understand the role of the Energy Charter, the Energy Charter Treaty (ECT) and the model agreements developed by the Energy Charter Secretariat, and how this organisation can promote energy cooperation in the region. The second chapter will try to explain the key trends in energy markets with reference to electricity production, export and the existing/ongoing interconnection between all countries in question (information is provided country by country). The final chapter will assess the importance of cooperation for the region and will present the instruments and recommendations on a technical Task Force, which could foster this regional cooperation on electricity.
The Occasional Paper is available in English.