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Tag Archives: energy sector

Public-Private Partnership Law – New Opportunity for Energy Sector Projects

Energy sector (excluding oil & gas) is one of the strategically important sectors under newly adopted PPP legislation – which, among others, envisages the possibility of granting longterm guaranteed purchase agreement to the investor. The law on Public-Private partnership was approved by the Parliament of Georgia in May 2018. Later …

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Georgia’s Energy Sector Challenges

Electric power is a product without which life would be unthinkable: some amount of electric power is needed for any critical, research or entertainment infrastructure, manufacturing facilities, medical equipment, public transportation, home appliances… The blackouts and permanent power cuts of the 1990-s are long gone and we have easily forgotten …

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Energy Sector in Review

ENERGY, Electricity

The current year was very important for power sector. Like previous years, the current year was full of challenges. Despite Ministry of Energy and Ministry of Economy merged in 2017, the Authorities prioritizes to develop the power sector. Consequently, the current year was special in the power sector in terms …

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Georgia Implements 146 New Renewable Energy Projects

Renewable energy

Georgia is implementing 146 new renewable energy projects with a total installed capacity of 5,358 MW, according to the updated document published by Georgian energy ministry May 24. The total cost of the projects will reach $8.79 billion. Annual generation capacity of new projects is expected at 19,943 GWh. About …

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Chinese Companies Interested in Building Solar and Wind Power Stations in Georgia

“After signature of Georgia-China free trade agreement, bilateral economic ties will strengthen in direction of infrastructure, banks and finances and information technologies, power system and banking”, Chinese Ambassador to Georgia Ji YIanchi noted and added that many Chinese commercial banks are interested  in cooperation with Georgian banking system. “Chinese government …

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Energy Market Tendencies Worsen, Investment Turn less Attainable

“There is a quite heavy situation in Turkey, because tariffs decreased. This signifies it is difficult to foresee what will happen. Consequently, it is difficult to draw new investments, because the situation on the free market has worsened”, Abramishvili noted. The situation on the energy market has worsened, Energy Solution …

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The Representatives of JSC Partneship Fund Met with the Regional Director of EBRD

The Representatives of JSC Partneship Fund Met with the Regional Director of EBRD

The representatives of JSC Partneship Fund had a meeting with the Regional Director of EBRD. The European Bank for Reconstruction and Development (EBRD), Director for Energy and Natural Resources, Russia and Central Asia, Aida Sitdikova, met with the representatives of JSC Partnership Fund. As the Partnership Fund noted, the representatives of JSC Partnership Fund with …

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Ronny Solberg: Georgia Has the Strong Potential to Become a Self-sufficient Net Exporter by Means of Deregulating the Power Market

Today, AGL’s CEO Ronny Solberg attended the “Georgia Cross-Border Electricity Trading” summit. As the representative of Georgia’s largest energy sector investor, he addressed summit participants and discussed the Shuakhevi HPP’s relationship with the government as well as the project’s challenges and achievements. “From the point of view of an investor …

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