GEORGIA’S FUEL AND ENERGY COMPLEX AFTER INDEPENDENCE
Demur Chomakhidze, D.Sc. (Econ.), professor, scientific consultant for the National Regulatory Commission of Georgia’s Power Industry (Tbilisi, Georgia)
This article analyzes the development trends in Georgia’s fuel and energy complex (FEC) and its individual branches over the past 15 years. The rates and dimensions of their progress are characterized during this period of time and a brief assessment is given of how the complex operates, both in the past and during the years of independence. An analysis is carried out of individual types of energy resources. In so doing, particular attention was given to the export-import of energy resources, as well as to the degree the country’s demand for them is being satisfied by local resources.
Brief Excursion into History
The fuel and energy complex is a large multi-branch national economic system that plays a leading role in forming society’s material and technical base, accelerating scientific and technological progress, forming the necessary prerequisites for improving operating conditions, and raising the population’s standard of living.
The main branch in the complex is the power industry , which is the life-supporting and blood-supplying system of the economy’s entire complex organism. During the last 30 years of Soviet power (1961-1990), serious quantitative and qualitative shifts occurred in the development of Georgia’s power industry: the installed capacity of all types of power plants and electric power generation have grown 4.6- and 3.8-fold, respectively (see…………………