According to a 10-year plan recently published by the Georgian State Electrosystem (GSE), Georgia is going to consider building 123 new Hydro Power Plants in the next 10 years. The consideration is going to take place during 2021-2023 years.
As outlined in the GSE’s plan, during the next 10 years, electricity consumption will yearly increase by 3% (pessimistic scenario), by 5% (moderate scenario) or by 7% (optimistic scenario). To meet the increased demand, Georgia will have to increase domestic output and/or increase imports of electricity. The latter, as the plan describes, will in turn reduce the level of energy independence. According to the recent Galt & Taggart report, in 2020 Georgia imported 12.6% of its electricity demand, mainly from Azerbaijan (45.1%), Russia (35.4%) and Turkey (19.5%).
According to GSE, for 2031 Georgia’s total electricity generation is going to be increased to almost 10, 400 MW (compared to current current 4, 500 MW). However, the share of hydroelectric power in total electricity generation will be slightly decreased - to 69%, compared to current 74%.