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Tag Archives: electricity

Electricity Tariffs in Georgia and Turkey

Averaged price of electricity imports in December declined by annual 16.1% and constituted 4.9 US Cent on a kilowatt/hour. According to G&T information, growing imports volume in December 2017 raised the power balance price by annual 13.3% and constituted 4.8 US center for a kilowatt/hour. 19.7% of total supplied electricity …

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Do Bitcoin Mining Costs Influence Electricity Prices?

On January 1, the electricity price rose to 23 Tetri for one kilowatt/hour from 14.54 Tetri. According to public opinion, the electricity tariff rose because of growing mining of electronic currency – BitCoin. It is worth noting that two virtual currency mining centers of out three ones in the world …

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Georgia’s Electricity Consumption Grows

In November 2017, domestic electricity consumption rose by annual 6.7%, while the January-November growth constituted 8.6%. According to G&T, the November growth was mainly preconditioned by a 6% upturn of consumption of distribution companies and a 31.9% upturn of direct consumption after Georgian Manganese increased electricity consumption by 48.2%. Energo-Pro …

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Georgian Industrial Group Enters Uzbekistan

Georgian Industrial Group to enter market of Uzbekistan, CEO of GIG Zurab Gelenidze announced during his speech at Tbilisi Belt& Road forum, bm.ge reports. He talked about the company’s expertise on the panel and noted that the company’s main activity is electricity generation. According to him, the GIG group operates …

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Wind Power Station Generates 85 million kw/h Electricity

Kartli wind power plant generated electricity 6 893 600 kilowatt hours in October, while the resource utilization rate is 46.71%. According to Energy Development Fund, in July the station generated more than 6 million kw/h electricity, while total generation since inception made up about 85 million kw/hours.

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How to Boost Electricity Generation

How to Boost Electricity Generation

Electricity deficit reduction is one of the key challenges before Georgia. Taking into account the fact Georgia mainly buys electricity from Russia, energy security is of crucial importance. Since Georgia does not have sufficient power generation sources, the country imports electricity mainly in winter period. Therefore, hydro engineer Leontina Galdava …

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Electricity Exports Annual Growth Records 8.6%

Electricity exports in June rose by 8.6% to 230.1 gw/hour. According to G&T, total exports of electricity in 1H17 rose by 7.4%. Electricity exports to Turkey declined by 38.8%, while the previous year’s basis was quite high (+23.1 year on year). Electricity exports to Turkey constituted 28.3% of total exports. …

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The World’s Largest Power Plant is a $27 billion ‘Engineering Wonder’

Located on the border of Brazil and Paraguay, the Itaipú Dam produced 103.09 million megawatt-hours (MWh) of electricity in 2016 — making the hydroelectric system the world’s largest power plant. Ten years after its completion in 1984, the American Society of Civil Engineers named it “one of the seven engineering wonders of the modern world.” Building …

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New EV Charging Station Opens on Aghmashenebeli Alley in Tbilisi

New EV Charging Station Opens on Aghmashenebeli Alley in Tbilisi

A new electricity vehicles charging station has opened on Aghmashenebeli Alley in Tbilisi.  Wissol company enables drivers to recharge their electric vehicles free of charge on the 13th kilometer of Aghmashenebeli Alley. Solomon Pavliashvili, first deputy Minister of Environment and Natural Resources, attended the charing station inauguration ceremony. At the …

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Georgia’s Electricity Balance Value Exceeds Turkish Balance Value by 16%

electricity

In April 2017 Georgia’s electricity balance value exceeded Turkish market price by 16%, but the price saw annual 5.2% contraction after Lira depreciation. As a result, the price of one kilowatt/hour electricity made up 4.1 Cent. According to G&T information, Georgia’s electricity balance value has not changed in practice (+0.7% …

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Iranian Ambassador: Georgia and Iran May Exchange Electricity

Iranian Ambassador: Georgia and Iran May Exchange Electricity

“Iran is capable of satisfying Georgian market’s demand for natural gas and oil and a supply of energy carriers, in general”, Iranian Ambassador to Georgia Seyed Javad Ghavamshahid told Business Course. We have bilateral interests, because Georgia may become Iran’s important partner in terms of production and trade, the Iranian …

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