The World Bank wanted to assess the transaction opportunities for regional trade in the South Caucasus region, including Azerbaijan, Georgia, Armenia and Turkey. A team of technical consultants was hired to carry out an assessment of the technical potential for regional trade. The World Bank needed support with the technical assessment and stock taking study of the legal, regulatory, and institutional environment supporting regional integration and the barriers that will limit regional integration. The study would be focused, in particular, on legal and regulatory barriers to attracting private investment in new generation and transmission in each of the countries.