Georgia Government to Implement New Support Measures for Hydropower Projects
Georgia's government will implement new support measures for large-scale hydropower projects to enhance energy security, as announced by Economy Minister Mariam Kvrivishvili. Key projects, including Namakhvani and Nenskra, will benefit from preferential tariffs and other support mechanisms, with a comprehensive plan detailing priorities expected by early February. Additionally, the government will waive around GEL 1 billion in penalties for renewable energy developers, allowing for flexible project timelines.
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Georgia's government will introduce new state support measures for large-scale hydropower projects deemed essential for energy security. Economy Minister Mariam Kvrivishvili announced that projects like Namakhvani, Nenskra, Khudoni, and the Enguri Pumped Storage Plant will qualify for enhanced backing.
The support may include preferential tariffs and other mechanisms formalized through agreements with investors. A comprehensive government plan outlining priorities and eligibility criteria is expected by early February. Additionally, the government will waive approximately GEL 1 billion in accumulated penalties for renewable energy developers, allowing private companies to adjust project timelines according to their development stages.
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