GEORGIA'S ENERGY SECTOR - ELECTRICITY MARKET WATCH | MAY 2016
omestic consumption needs were fully met by domestic hydrogeneration in May 2016. Electricity generation by Enguri and Vardnili made up 50% of total consumption. Imports were negligible.
GEORGIA'S TOURISM SECTOR - SHIFTING INTO HIGH GEAR
After a resilient 2015, the tourism industry in 2016 has shifted into high gear. The focus of Georgia’s tourism strategy moving forward should be on the quality and diversity of visitor arrivals.
Electricity Market Watch - April 2016
Domestic electricity consumption was flat in April 2016 and up 1.3% y/y in 4M16. The high consumption growth by the Abkhazian Region in previous months leveled off in March 2016 and usage was down 12.5% y/y in April 2016.
GEORGIAN RAILWAY - FY15 UPDATE
GR released its FY15 financial results. Revenue decreased 12.6% y/y to US$ 253.2mn, mainly due to weak performance in freight traffic. A 28.2% y/y weakening of GEL against US$ in FY15 resulted in a 20.6% y/y decline in operating expenses, which are mostly GEL-denominated, to US$ 170.5mn.
Georgia's Electricity Sector - Changes and Challenges Ahead
Georgia’s transmission capacity is set to improve significantly over the next decade. Total investment is estimated at EUR 809mn, according to the 10-year network development plan set out by GSE, and will accommodate an additional 4,000MW of installed capacity.
* for best prices contact your private banker