25
January
2022
Davit Keshelava from ISET Policy Institute participated in a Thematic Inquiry from the Parliamentary Sector Economy and Economic Policy Committee. The investigation, supported by Konrad-Adenauer-Stiftung (KAS) and the Economic Policy Research Centre (EPRC), was dedicated to understanding the challenges of attracting Foreign Direct Investment (FDI) into Georgia.
24
January
2022
In December 2021, Georgian power plants generated 1193 mln. kWh of electricity. This represents a 28% increase in total generation, compared to the previous year (in December 2020, the total generation was 930 mln. kWh). The increase in generation on a yearly basis comes from the increase of 55% and 4% in hydro power, and thermal power generation, respectively. Meanwhile, there was a 29% decrease in wind power generation.
24
January
2022
In previous articles we have discussed the visible deterioration of Georgia’s energy security, where energy demand keeps increasing and the share of domestic energy sources in overall primary supply (the gross amount consumed by the country over one year) is declining. Reversing this trend requires the country to accelerate the pace that it develops domestic – and mostly renewable – energy generation capacity; ideally in combination with greater efforts to improve energy efficiency.
24
January
2022
In the first and the second quarters of 2021, Georgian power plants generated 2,429 mln. and 2,708 mln. kWh of electricity, respectively (Figure 1). This represents a 16.0% and 3.2% decrease in total generation compared to the corresponding periods of the previous year (in 2020, the total generation in Q1 was 2,893 mln. kWh and in Q2 it was 2,797 mln. kWh).
17
January
2022
Recently, Geostat revised upward its real GDP growth for the third quarter of 2021 to 9.1% (by 0.1 ppt). The real GDP growth rate amounted to 12% year-on-year for November 2021. Consequently, the estimated real GDP growth for the first eleven months of 2021 was 10.7%.
