THE GAP CLOSES
In April 2020, total generation and consumption nearly balanced (944 mln kWh of generation and 941 mln kWh of consumption), with power generation exceeding consumption by only 3 mln. kWh (corresponding to 0.3% of total generation: Figure 1). This occurred due to the simultaneous decrease in total consumption (7%) and total generation (2%). Interestingly, over the same period, wind power generation increased by a remarkable 23% compared to April 2019.
One year before, in April 2019, the difference between total generation and consumption ha...
ISET Economist Blog
A blog about economics in the South Caucasus.
Jun
19
Mar
06
Georgian winter resorts have finally started their long-awaited season in February 2020, after a month and a half of poor snow. In our previous blog we discussed the possible climate change development scenarios over the rest of the century, and revealed the need for better understanding and implementation of adaptation measures. However, more still needs to be said about the expected effects of climate change on the economic viability of resorts and their possible adaptation strategies.
Figure 1 shows that, over the last 13 years, the average depth of s...
Feb
07
This year the winter season started later than usual in nearly all Georgian ski resorts (except Goderdzi) due to a lack of snow. Given the heated international discussions on climate change and global warming in recent years, the lack of snow in Georgian ski resorts has raised questions concerning the future economic viability of winter tourism in the country. This is hardly an unexpected development as even the World Tourism Organization recognizes that mountain tourism is especially vulnerable to the impacts of climate change (UNWTO, 2015). Unforeseen ...
May
03
News of the conflicts between the local population and the construction company involved in the construction of a small HPP in the Pankisi valley (Khadori 3) has recently made it into the headlines. Khadori is a small HPP with an installed capacity of 5.4 MW and an estimated annual generation of 27.5 mln. kWh. Construction of the Khadori 3 HPP started on 21 April, however, the local population resisted the project, and consequently its company involved law enforcement officials to ensure its secure implementation. This further increased tensions between ...
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