In 2019, Georgian power plants generated 11,865 mln. kWh of electricity. This represents a 2% decrease in total generation, compared to the previous year (in 2018, total generation was 12,149 mln. kWh) (Figure 1). The decrease in generation on a yearly basis comes from decrease in hydropower (-10%), more than offsetting the increase in thermal (+34%) and wind power generation (+0.5%).
Geostat has published its rapid estimate of real GDP growth for the fourth quarter of 2019, and their estimated growth stands at 5.3%, which is 0.7 percentage points above ISET-PI’s most recent forecast. The real GDP growth rate reached 3.8% year-on-year for December 2019.
In December 2019, Georgian power plants generated 1,012 mln. kWh of electricity. This represents a 3% increase in total generation, compared to the previous year (in December 2018, the total generation was 986 mln. kWh). The increase in generation on a yearly basis comes from the increase of 67% in thermal and 5% in wind power generation, more than offsetting the decrease in hydro power generation (-23%).
What alternative energy sources can be used in mountainous regions of Georgia to ensure energy security, equity and environmental sustainability? The objective of the research is to contribute to solving the issue of energy security, equity and environmental sustainability in high mountainous settlements of Georgia.
On the 17th of January, the Government of Georgia approved the Regulatory Impact Assessment (RIA) Methodology. This is an incredible step towards evidence-based policy-making that will contribute to the country’s economic development and future prosperity.