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Recent Report of Electricity Prices in Georgia and Turkey

Wholesale market price in Georgia increased by 39.2% y/y to USc 5.4/kWh, from USc 3.9 (-17.2% y/y) in May 2017. The reason behind this dramatic increase was the high share of electricity imports with average price of USc 5.8/kWh into the energy traded through ESCO. In total, only 7.0% of total electricity supplied …

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How Georgia Can Replace the Evegrowing Electricity Imports

How Georgia Can Replace the Evegrowing Electricity Imports

Energy independence is of utmost importance for Georgia in terms of both its economic and political security. It is impossible to develop and strengthen the country without a strong energy system. The immense technical progress has led to higher demand for electricity all over the world and Georgia is no …

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Azerbaijan Starts Electricity Export to Iran

Azerbaijan has started to export electricity to Iran from today, Azerenergy’s spokesman Yahya Babanli told APA-Economics. According to him, at about 11:00 a.m. today, Azerenergy started to export electricity of 80 megawatt to Iran’s Mugan and Astara regions. Babanli also announced the date of next trilateral meeting on integration of …

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Georgia’s Electricity Exports to Turkey in May Rose by 61.4%

Georgia has considerably increased electricity exports to Turkey. Electricity exports totalled 63 715 thousand kw/h as of May 9, 2018. Objective of the government is to increase these indicators and transform Georgia into an energy hub, Minister of Economy Dimitri Kumsishvili noted. “We enhance cooperation with Turkey to more integrate …

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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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