ISET

This Thursday, October 11, Davit Lezhava, Public Policy Sector Director of the Policy and Management Consulting Group (PMCG), awarded need-based scholarships to three second-year MA students – Giga Gotsiridze, Ia Tchankvetadze, and Nino Shoshiashvili. As ISET is a premier graduate education and research institution in the South Caucasus, producing dozens of top-notch young economists every year, PMCG scholarship is a great investment not only in the human capital of these three students, but also in the future of Georgia and the South Caucasus generally.

Speaking at the ceremony, Mr. David Lezhava who has 20 years of professional working experience in the fields of public finance and economic development, regional development, social policy, and energy policy shared some insights from his diverse work experience, which includes working at the National Bank of Georgia, the International Monetary Fund, the Ministry of Finance of Georgia, and PMCG. Mr. Lezhava also gave some practical advice to the students.

On October 2 2018, Georgian Water and Power (GWP) opened a new hydropower dam in Bodorna (Dusheti region). The construction of the new dam started in December 2017, with the support of the Entrepreneurial Development Bank (FMO) and the German Investment and Development Bank (DEG), for a total investment of 10 million GEL.

The installed capacity of the dam is 2.5 Megawatts, while the average yearly generation is expected to be 15 mln KWh. The dam will supply electricity to the water supply stations which belong to GWP.

GWP representatives have explained that the new dam is a “Green Dam”, meaning that damage to the environment has been reduced to the lowest possible level while maintain a high level of output.

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