The growth rate of electricity consumption in Georgia has notably exceeded the growth rate of power generation, and consequently, the share of domestic electricity production has declined from 89% in 2012 to 69% in 2022, showing that the energy independence and energy security of the country have been markedly decreasing year by year. [...] This paper examines the development path of Georgia’s electricity sector over the last 30 years, the current situation, the challenges the sector faces, and the huge potential the country has in the form of renewable energy sources. [...] The abolition of the Ministry of Energy, along with the elimination of PPAs, also contributed to the slowdown in the development of new projects, and shaped the country’s energy policy. [...] - 16 - Georgia’s Energy Dependency Review According to the analysis of World Experience for Georgia, apart from the outflow of energy and financial resources, the growing demand negatively affects the technical conditions of the Enguri-Vardnili cascade and the operating conditions of the entire energy system, increases energy dependence on Russia and Azerbaijan, and creates additional economic and. [...] In 2020, Gross Energy Group conducted a study, “Analyzing the Economic Impact of the Development of Local Renewable Energy Resources and Their Role in Ensuring Energy Security,” in which it assessed the impact of the construction of various power plants on the gross domestic product (GDP).
- Pages
- 22
- Published in
- Georgia
