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In 2023, Georgia received 103.3 million USD from electricity export

by mariam.mtivlishvili
January 22, 2024
in Business & Economy, Magazine
Reading Time: 1 min read
In 2023, Georgia received 103.3 million USD from electricity export

In 2023, electricity production increased by 1.1% annually, a “TBS Capital” report claims.

In particular, in 11 months of 2023, 103 million dollars worth electricity was exported from Georgia  abroad. This is the largest volume of export since 2010, and, in terms of income, it is the largest indicator of all years.

According to the same data, electricity consumption decreased by 7.8% annually. Reduced demand for electricity by direct consumers is the main reason for the decline.

 

By Mariam Mtivlishvili

Tags: electricity export
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