“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 head Giorgi Abramishvili noted.
Less profitable trades in the direction of Turkey make investors vulnerable for the four months, when they sell the generated electricity on market. “Investors have to take huge risks.
About 60% of our revenues are raised in four months in summer period and this volume is affixed to exports”, Abramishvili said.
As to other 8 months, according to the new tariff policy that the government is developing jointly with the International Monetary Fund (IMF), the state will purchase electricity from HPPs and the price of a kilowatt/hour will be 0.06 USD on average.