“Georgia is rich in hydro resources, but currently we are utilising only 20% of these resources, which presents significant opportunities for growth in this sector,” Prime Minister Irakli Kobakhidze stated at a panel discussion held within the framework of the Abu Dhabi Sustainability Week, the main topic of which was “The Middle Corridor – Connecting Europe and Asia through Energy”.

The Head of Government paid special attention to the importance of the development of the energy sector.

“We attach great importance to the development of Georgia’s energy sector. Georgia is rich in hydro resources, but currently we are utilising only 20% of these resources, which presents significant opportunities for growth in this sector. We have a comprehensive long-term plan for energy development through 2036. Our goal is to increase electricity generation capacity from the current 4,800 megawatts to 11,500 megawatts, a 2.5-fold increase. While this is an ambitious target, we believe it is a realistic one. Within this framework, we also see opportunities to attract investments. Investing in Georgia’s energy sector is highly beneficial, especially in hydroelectric power,” the PM has said.

Irakli Kobakhidze also elaborated on attracting investments in solar and wind power energy fields.

“Additionally, there are prospects for investments in solar and wind energy. The plan has been designed, alongside important reforms within the government and the Ministry of Economy, to improve electricity supply management. This is why we are committed to implementing this plan.

Our overarching aim is to ensure the country’s full self-sufficiency by 2036. Achieving a capacity of 11,500 megawatts will enable Georgia to attain complete energy independence and open the possibility of exporting energy to the European market. We see a significant opportunity in this regard. I believe that by 2036, Georgia will be a net exporter of electricity to the European energy market,” the PM concluded.