Georgian Prime Minister Irakli Garibashvili on Monday announced a new support scheme for investors for the construction of 1,500 MW power plants within three years.
This move, the PM stated, does not include large projects such as Namakhvani, Nenskra, and Khudoni HPPs, or 800 MW HPPs.
The country will invest about $2.2 billion “while we expect at least $3 billion of investment in the energy sector,” the PM said, noting that Russia’s war in Ukraine unveiled the energy security and energy independence challenges facing the countries and states.
In this context, the PM noted that “Georgia has big resources, especially hydro resources. Therefore, this resource needs to be utilized as wisely as possible. This is our top priority.”
