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Energy Minister: Further Strengthening of Dollar will Affect not only Energy Sector

“If the dollar continues to strengthen, it will have a serious negative impact not only on the energy sector, but also other economic sectors,” the Minister of Energy Kakha Kaladze states.

According to him, after Georgian Dream came to power, the electricity tariffs declined significantly but returned to the previous level due to the strengthening of the dollar. “We’ve got the result – at the beginning of 2013, we reduced the tariff by 4 tetri, but due to lari devaluation, it returned to the previous level. If the dollar continues to strengthen, it will have a serious negative impact not only on energy but other sectors as well,” the Minister says.

In his words, certain politically engaged groups show panic about power outages in the winter period.

“Someone deliberately spreads misinformation about the supply of electricity on schedule. I can say with full responsibility that nothing like this will happen, and Georgia will never return to a time when the electric power was supplied on schedule. There are no problems that could lead to this result. I have repeatedly said and I repeat now that the country does not face such a threat. Now we are carrying out a lot of projects in order to meet domestic demand for electricity and begin its large-scale export abroad. Georgia has the potential to become an exporter of electricity to Europe,” the Minister notes.