2020 data: electricity production in Georgia down 5.9%
Economy Minister Natia Turnava stated yesterday in an address to the Georgian parliament that, overall, 10 new hydropower plants are expected to be commissioned in 2022, with a capacity of about 30 MW, noting that it is an investment of more than 120 million GEL (about $38 mln/€34 mln). Photo: Nino Alavidze/Agenda.ge.
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Electricity production in Georgia decreased by 5.9% in 2020 compared to the previous year, and totalled 11,159.8 million kWh of electricity, a survey conducted by the National Statistics Office of Georgia (Geostat) read.
Geostat reports that the decline in electricity production was mainly caused by dry weather conditions and less water.
Consumption of electricity in the country also decreased in 2020 by 4.8% year-on-year and amounted to 11,479.3 million kWh.
However, demand for natural gas in 2020 increased, of which 2,006.5 million cubic meters were consumed, which is 3.3% more compared to 2019.
Image:Geostat.
Consumption of the natural gas increased in following sectors:
- Household sector
- Food industry
- Construction
- Agriculture
Consumption of natural gas by road transport has decreased, to some extent because of price growth, and increasing competitiveness of the liquefied petroleum gas (LPG),” Geostat reports.
Economy Minister Natia Turnava stated yesterday in an address to the Georgian parliament that, overall, 10 new hydropower plants are expected to be commissioned in 2022, with a capacity of about 30 MW, noting that it is an investment of more than 120 million GEL (about $38 mln/€34 mln).
She also said that Georgia is close to the 93% gas access mark, adding that a total of 39,698 households will have gas installed across 244 settlements in 2022-2024.
According to data from Geostat, the decrease was also observed in the production of firewood (-6.4%) and other biofuels and wastes in 2020.
The inflation rate in Georgia will return to 3% by the end of 2022, Economy Minister Natia Turnava stated earlier today, noting that high inflation is ‘one of the most important issues’ the Georgian population currently faces.
Georgian Economy Minister Natia Turnava says that the country’s dispute with Russian energy company Inter RAO, which is demanding compensation from the Georgian government for damages caused by the lari depreciation, will not affect the electricity tariffs in Georgia.
The Arbitration Institute of the Stockholm Chamber of Commerce has obliged the Georgian government to pay 80.5 million USD to Russian energy company Inter RAO as compensation for damage caused by the lari depreciation.
The Asian Development Bank (ADB) has approved a $100 million policy-based loan to strengthen Georgia's electricity transmission sector by improving the operational structure, corporate governance, and financial management of the country’s electricity transmission company and its subsidiary, announces the ADB.
Industrial production of wind power plants in Georgia is set to begin following the signing of a memorandum between the country Economy Ministry, the State Military Scientific Centre Delta and Georgian Wind Energy Association on Wednesday.
Georgia’s energy consumption requires the country to build as many hydropower plants as possible, Prime Minister Irakli Garibashvili said on Monday while speaking on matters of investment and energy independence.
The Georgian Government is holding consultations with “various investors” over projects to construct hydropower plants in the country, Prime Minister Irakli Garibashvili said on Monday.
Georgia has “great potential” for strengthening global energy security with the prospect of acting as a bridge between the energy markets of Europe and Central Asia, David Songhulashvili, the Chairman of the Parliamentary Committee on Sectoral Economics and Economic Policy, said on Monday.
Georgia’s energy dependence on Russia is "not very high” with Azerbaijan being the country’s main supplier of gas, Davit Narmania, the Head of the Georgian National Energy and Water Supply Regulatory Commission told local media outlet bpn.ge on Thursday.