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    GREATER SECURITY OF GEORGIA’S ENERGY SECTOR – CHALLENGES AND OPPORTUNITIES


    August 8, 2022 - Forbes Georgia

     

      Over the past 10 years (2011-2021), share of electricity import from Russia reached the peak in 2021 and made up 9% of Georgia’s consumption. This was caused by the shutdown of “EngurHES” for reconstruction, while 80% of imported electricity was consumed in Russia-occupied Abkhazia.

      Possible key step toward increase of the electric power sector’s security may be promotion of local renewable energy generation and improvement of existing thermal power plants’ efficiency in order to reduce dependence on import, the article suggests.

      At that, the article points that local public protest in connection with construction of large hydroelectric power plants remains a problem – in some cases, due to misinformation, while in some cases, due to inefficient information exchange between local residents and project managers.

      Regarding the gas sector, the article reports that Russian import accounted for 15% of total gas imports to Georgia in 2021, and 6.3% and 8% – in 2019 and 2020, respectively. Azerbaijan remains the main supplier of gas to Georgia.

      Georgia plans to build an underground gas storage facility that meets the requirements of the European Energy Community (EEC).

      It was planned to complete construction of the gas storage in 2024, however, Georgian Ministry of Economy and Sustainable Development declared about postponed deadline, as the provided financial resource was used to overcome the crisis caused by the COVID-19 pandemic (published on August 5, 14:47).

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