Russia

The Caucasus region of Russia is currently in deficit and imports power from other regions, as well as from Ukraine, Azerbaijan and small amounts from Georgia. Future capacity expansion plans in the region appear to be slightly under expected demand growth rates, and capacity deficits could expand significantly by 2015 if demand growth is at the higher end of predictions.

Market dynamics will increasingly play a role in determining where electricity is sourced in Russia, possibly opening major opportunities for imports from the Caucasus. However, good interconnections with Ukraine and the rest of Russia will facilitate competition to Georgian exports in this Russian region. Russian plans for eventual large-scale electricity exports to Turkey and possible increased exports to other countries in the Caucasus region could also make use of existing lines for imports to Russia problematic in the medium term.

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