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THE ROLE OF INVESTMENTS IN THE ENERGY SECTOR

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Demur Chomakhidze

Doctor of Economic Sciences, Professor, ORCID iD: https://orcid.org/0000-0003-1469-9417P, E-mail: demurchomakhidze@yahoo.com

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Lia Gvazava

Doctor of Business Administration, ORCID iD: https://orcid.org/0000-0002-4785-9950, E-mail: lica.gvazava@gmail.com

Keywords: Electricity generation; electricity consumption; tariffs; investments; scientific technological progress; managerial progress.

Abstract

DOI suffix: 10.36962/NEC17022022-66

The paper presents statistical data on electricity generation and consumption in Georgia in 2015-2020. Also the investments made in the same years, both separately in the electricity generation activity and in the electricity sector as a whole. In addition, the consequences of the unbalanced development of the economy and energy are discussed and the close relationship between electricity consumption and real GDP growth is shown. According to the authors, in order to reduce tariffs and improve technical economic indicators, it is necessary to implement scientific, technological and managerial progress faster than the volume of investments.

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  7. Sulakadze L. Dissertation - Investments in the electricity sector of Georgia and their financial results, 2019
  8. Gvazava L. Dissertation - Audit of the costs of natural monopolies in the electric power industry for the purposes of regulation, 2019

The New Economist N2-4, (2022), Vol 17, Issue 2

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Published Date:

07/12/2022