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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

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.

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

Introduction

  1. Chomakhidze D., Comprehensive tariff analysis and the paradigm of its change, Journal of the National Academy of Sciences of Georgia “Moambe” No. 4, 2021
  2. Chomakhidze D., Energy and Society, 2011
  3. Materials of the National Statistical Service of Georgia, 1994
  4. Annual reports on the activities of the National Energy and Water Supply Regulatory Commission of Georgia, 2015-2020
  5. D. Narmania, D. Chomakhidze, Energy balance of Georgia during the years of independence, Globalization and Business magazine No. 9, 2020
  6. Papava p. On the reflection of coronamix in economic science and economic policy, Proceedings of the 3rd National Conference, 2020
  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

References

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

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Published Date:

07/12/2022

Copyright (c) 2022 Demur Chomakhidze, Lia Gvazava

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.