Introduction

The Republic of Georgia has one of the largest untapped reserves of hydro-power in the world -- while rapid economic growth is increasing demand for electricity in Georgia and its neighbours.

The government of Georgia has decided that developing some of untapped hydro resources is the cheapest and cleanest way to meet growing electricity demand. The government seeks private sector investors to develop the most prospective greenfield sites, ranging from 10 to 640 MW, for a total of approximately 1500 MW with 5-6 TWh of annual electricity generation.

The government has hired EconPoyry in cooperation with the Energy Efficiency Centre of Georgia and Gross Energy of Georgia to undertake an independent assessment of the risks associated with investing in the sector. Three overview reports have been produced:

• Political and economic risks in Georgia
• The Georgian electricity sector - a risk assessment
• Export markets for Georgian electricity

In addition, pre investment studies have been prepared for each of the 7 sites approved by the government for development.

This website presents the results of the due diligence on the sector and the main findings from the pre investment studies.

To access the full analysis free of charge please click here