Georgia’s electricity sector has travelled a long and winding road from constant blackouts and cold winters a decade ago to an electricity surplus today. While the developed world was making advances in renewable energy, Georgia struggled for its existence. Since then reforms have been implemented and the sector has transformed noticeably. Although challenges remain, Georgia is committed to further reform – it takes darkness to notice the light.
If harnessed, Georgia could produce 32 TWh of hydropower annually, 4x more than currently. The extra capacities would allow for 6.3 TWh of exports by 2020. The country would also become self-sufficient in energy, have the flexibility to replace more costly imports (currently required to meet peak demand) with hydro power, and substitute a hefty share of more expensive domestic thermal electricity.
In this report, potential of Georgia is discussed in terms of several factors.