Georgian MP talks country’s potential for strengthening global energy security
The meeting involved the hearing of the report on the status of the fulfilment of commitments under the Association Agreement, signed with the European Union in 2014, and membership of the Energy Community. Photo: Georgian Parliament
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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.
During a committee meeting in the western Georgian city of Zugdidi, Songhulashvii highlighted the potential of Georgia for becoming a Caucasus “power hub,” and stressed the importance of continuing construction of renewable energy facilities, saying it would allow the country to “make the most of domestic resources” and “minimise import commitments.”
The meeting involved the hearing of the report on the status of the fulfilment of commitments under the Association Agreement, signed with the European Union in 2014, and membership of the Energy Community.
The MP emphasised Georgian authorities were working to make a “significant contribution” to the development of the energy market in the five years of its membership, adding the country had made “great progress” in fulfilling its commitments.
Earlier in April, Georgian Prime Minister Irakli Garibashvili announced the Government was in talks with “various investors” over projects to construct hydropower plants in the country.
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.
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’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.
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.
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.
Russia does not have "significant leverage" over Georgia to suspend energy supply or threaten the country for political gain, a report by World Experience for Georgia, an independent, nonprofit thinktank, says.
Electricity production in Georgia was up by 13.6 percent in 2021 compared to the previous year, while domestic consumption amounted to 13.3 percent, a report of the Georgian National Energy and Water Supply Regulatory Commission, published on Friday, said.