Georgian electricity imports up 7.5%, exports down 58.7%
Georgia imported 1,623 million kilowatt hours of electricity, while it exported 243.4 million kilowatt hours of electricity in 2019. Photo: Energo Pro Georgia.
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In 2019, Georgian electricity imports increased by 7.5 per cent and exports decreased by 58.7 per cent.
Georgia imported 1,623 million kilowatt hours of electricity in 2019, while it imported 1,508.82 million kilowatt hours of electricity last year.
Georgia exported 243.4 million kilowatt hours of electricity in 2019, while it exported 588.58 million kilowatt hours last year.
In 2020, Georgia is expected to decrease imports to 1,253.9 million kilowatt hours, while increasing exports to 577.8 million kilowatt hours.
A 50-megawatt wind power plant will be built near the village Nigoza in the Gori municipality, which will generate 200 million kilowatt-hours annually, announced Economy Minister Natia Turnava earlier today.
Nine countries of the Central Asia Regional Economic Cooperation (CAREC) programme have signed a historic declaration today that will accelerate cooperation on energy issues and make the creation of a regional energy market easier.
A total of €105 million will be spent to reconstruct public buildings in Georgia as part of a joint project carried out by the German Development Bank (KfW) and the European Bank for Reconstruction and Development (EBRD). The budget of this project is a combination of low-interest loans of €80 million, an investment grant of €20 million and a €5 million grant for technical assistance.
The German Development Bank (KfW) will help the government of Georgia to implement energy reforms, announces the Ministry of Economy of Georgia.
A significant increase in electricity tariffs is inevitable, says energy company Energo-Pro Georgia.
Businesses in Georgia will benefit from variable prices starting January 1, 2022, as a result of the launch of the Georgian energy stock market, news agency Interpressnews (IPN) reports. The energy stock market will start trading at hourly rates on January 1, head of the market, Irina Milorava, states.