Lifetime is one of the most precious assets. People are paying huge amounts of money to extend their lifespans, sometimes for gaining only weeks or months. And imprisonment and death penalty are so widely applied punishments throughout all cultures and ages because people are scared off by the prospect of losing lifetime. As lifetime is such a valuable good, it is surprising that it is largely ignored in the policy debate.
According to the World Populations Prospects report, published in 2010 by the United Nations, Georgians have a life expectancy at bir...
ISET Economist Blog
A blog about economics in the South Caucasus.
Nov
29
Oct
11
In the first part of our article we pointed out that electricity generation by hydropower is subject to strong seasonal variations. We argued that the seasonality of hydropower reduces the profitability of new plants, as they deliver the highest output in the time of the year when electricity is relatively cheap anyway, while they produce rather little when electricity is expensive.
There are other problems why the potential of additional hydro power plants to solve Georgia’s energy problem are limited.
Chart 4 shows a simple projection for 2020: The pro...
Oct
04
In our two-part article we discuss how combining wind and hydropower can help the Republic of Georgia to achieve energy independence and become a net energy exporter.
OVERVIEW
Due to the geomorphological characteristics of its territory and to its geographical location, the Republic of Georgia is rich in hydro resources. According to the Georgian Ministry of Energy and Natural Resources, so far Georgia has been exploiting only about 20% of its hydro resource potential.
Since 2006 the Georgian government has been planning to utilize these resources to not...
Sep
09
Tchiatura is a small but resource rich and picturesque town, situated in the province of Imereti in Western Georgia. The abundance of an important natural resource, manganese ore, was the main reason for establishing the town in 1879. Akaki Tsereteli, the famous Georgian writer from the same region, initiated the manganese mining back then. To increase efficiency in transportation of the mineral, a railway was built in 1895.
By this period, up to 6000 workers were employed in the Tchiatura mines and the extracted material made up about 50% of total world...
Jun
14
Khudoni, Georgia’s largest hydropower investment project, is again making the headlines. According to a recent statement by Georgia’s Minister of Energy and Natural Resources Kakha Kaladze, the project will be put on hold at least until March 1, 2014. To give readers a bit of context, Khudoni’s planned capacity is in excess of 700 MW; its annual generation potential stands at about 1,5 TW/h, dwarfing other hydropower projects currently under MoUs with international investors. If built, Khudoni would be the second largest HPP in Georgia after Enguri...
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