Energy regulator Head: “no basis” for increase in tariffs of natural gas, electricity
The Head of the regulatory body also said the Georgian energy sector had a “great potential” for development, pointing out prospects for the development of hydro and wind energy and saying the investment environment in the country was “attractive”. Photo: Georgian National Energy and Water Supply Regulatory Commission
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David Narmania, the Head of the Georgian National Energy and Water Supply Regulatory Commission, on Tuesday said there was “no basis” for increasing tariffs for electricity and natural gas in the country.
Narmania was responding to local media’s question on a potential increase in prices on the backdrop of the anticipated increase of gas tariffs for non-household customers starting July 1.
We do not have any data at this stage that would serve as a basis for raising tariffs. We maintain consumer tariffs in both the natural gas and energy sectors”, Narmania was cited as saying by the local online media outlet bpn.ge.
The Head of the regulatory body also said the Georgian energy sector had a “great potential” for development, pointing out prospects for the development of hydro and wind energy and saying the investment environment in the country was “attractive”.
He also said Georgian Water and Power, a leading company in the water supply market of Georgia and the South Caucasus, required more investment to replace the obsolete infrastructure, highlighting the Commission’s approval of an investment plan for the GWP that would see infrastructure renovated in Georgia’s capital of Tbilisi, the south-eastern city of Rustavi and the historical city of Mtskheta.
Narmania still said the company needed more investment and “other types of management”, with a “large part” of the GWP network in a deprecated state.
Rustavi mayor Nino Latsabidze criticised the company on Monday and said it could not “perform its functions properly” in the city, naming low pressure of water supply and interruptions as main issues.
Spanish-based Aqualia, the fourth-largest water supply management company in Europe, has invested $180 million by purchasing 80 percent of GWP in the first quarter of this year.
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.
Spanish water management company Aqualia has invested $180 million by purchasing 80 percent of Georgian Water and Power, a leading company on the water supply market of Georgia and South Caucasus.
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.
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.
Georgia has “no luxury” of giving up relatively cheap Russian energy for political reasons due to the “sensitivity” of the tariff changes, David Narmania, the Head of the Georgian National Energy and Water Supply Regulatory Commission, said on Thursday.
Georgia is not receiving electricity from Russia due to sufficient domestic production over the recent months, David Narmania, the Head of the Georgian National Energy and Water Supply Regulatory Commission, was cited as saying by local media outlet bpn.ge on Wednesday.
A natural gas field with a volume of 16 billion cubic metres has been discovered near the Georgian capital city of Tbilisi, Giorgi Tatishvili, the Head of the State Oil and Gas Agency, told local media outlet BMG on Monday.
A new three-year plan of natural gas delivery to communities has been approved by the Government, with the move expected to bring access to 39,698 subscribers in 244 communities across the country between 2022-2024, the Government Administration announced on Tuesday.
An agreement between Georgian and Armenian authorities on supply of electricity in emergency situations was signed in a meeting between Georgian Deputy Minister of Economy Romeo Mikautadze and Armenian Deputy Energy Minister Hakob Vardanyan in Tbilisi on Thursday, the Georgian Economy Ministry said.
David Narmania, the head of the Georgian national energy and water supply regulatory commission, on Thursday said the country was “completely prepared” for the winter season and energy bills were not expected to increase.
The Georgian national energy and water supply regulatory commission has responded to "false information" from the opposition-minded Mtavari Arkhi channel that alleged an anticipated increase in natural gas tariffs in December, saying the report is "not true and a deliberate provocation".
David Narmania, the head of the Georgian national energy and water supply regulatory commission, on Friday said the commission was going to set new tariffs for natural gas in December, adding "no increase” was expected in the tariff.
Davit Narmania, the Head of the Georgian National Energy and Water Supply Regulatory Commission, on Thursday said no increase in the electricity tariff was expected for “at least” the next year to year and a half.