Georgia’s hydropower potential superior to similar opportunities of Canada, Norway

Photo: Georgia’s hydropower potential superior to similar opportunities of Canada, Norway / Oil&Gas

Tbilisi, Georgia, Aug. 18

By Nana Kirtzkhalia - Trend:

Georgia has hydropower potential that is one of the highest in the world, European Bank for Reconstruction and Development (EBRD) said in its strategy on Georgia.

EBRD said that in the area of renewable energy Georgia has the potential to produce 7.3 megawatts of electricity per capita. This greatly exceeds the capabilities of Norway and Canada, which have significant water resources.

The bank finances the construction and reconstruction of several hydroelectric power plants (HPP) in Georgia, and the construction of high-voltage power transmission lines for the electricity exports.

EBRD Managing Director for Energy and Natural Resources, Riccardo Puliti said Georgia is of particular importance in terms of electricity production at hydropower plants.

He stressed that this is due to the country's geographical location.

Puliti also added that Georgia does not have very high electricity consumption, and it is possible to export greater part electricity to Turkey.

EBRD managing director also noted that the bank has developed a strategy that will assist Georgian hydropower plants in increasing electricity production.

Edited by S.I.

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