Demur Chomakhidze, D.Sc. (Econ.), professor, scientific consultant for the National Regulatory Commission of Georgias Power Industry (Tbilisi, Georgia)

This article analyzes the development trends in Georgias 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 countrys 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 societys material and technical base, accelerating scientific and technological progress, forming the necessary prerequisites for improving operating conditions, and raising the populations standard of living.

The main branch in the complex is the power industry , which is the life-supporting and blood-supplying system of the economys entire complex organism. During the last 30 years of Soviet power (1961-1990), serious quantitative and qualitative shifts occurred in the development of Georgias 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

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