The Georgian Economy Minister Levan Davitashvili said the country had all conditions to be a net exporter of electricity, adding the Government’s main goal was to ensure export from local generation to the European Union.
,,Commenting on the Black Sea submarine cable project - intended to connect the grids of the South Caucasus and European Union member states.
Thus investing in it makes sense if we have more generation of electricity in the country, otherwise the investment would not be justified. According to all our forecasts, Georgia will be able to produce additional electricity from renewable sources in the future, which will be intended for export”, - Davitashvili said the initiative was a multibillion-dollar project implementation of which would take many years.
The Minister added generation this year had hit a “record high” of more than 13 billion kWh.
The ongoing projects managed by the Ministry, together with the private sector, and the memorandums signed with the developers allow us to generate even more”, the official also said.
Levan Davitashvili noted despite an increase in domestic consumption, the number was still under the volume of generation, creating export potential for energy.
The Minister highlighted significant investments were going to be made in the coming years to develop transmission infrastructure and fully absorb the energy potential.
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