Georgia and Turkey have agreed on a barter exchange of electricity. The new scheme implies that during the spring-summer period, Georgia will supply surplus electricity generated by hydroelectric power plants during floods to the neighboring country, and in autumn and winter, it will receive an equivalent amount back. This mechanism will allow for more efficient distribution of seasonal surpluses and cover deficits during the cold season.

According to local media, agreements between Tbilisi and Ankara have already been reached. The main goal of the initiative is to avoid energy losses during periods of maximum HPP generation. In spring and summer, river levels rise, leading to increased generation at hydroelectric power plants, while in autumn, production decreases, and consumption, on the contrary, increases.

However, the new scheme will not affect power plants operating under fixed contracts with obligations to the power system operator. Currently, Georgia has about 100 hydroelectric power plants of various types, which provide up to 80% of the country's domestic electricity needs. The total installed capacity of Georgian HPPs reaches 3300 MW.

Сейчас на главной

Georgian Post Signed Agreement with Turkish Airlines

Georgian Post Signed Agreement with Turkish Airlines

Cooperation with airlines is expected to bring the postal service 4.4 million GEL in additional revenue, and the return of services from intermediaries another 14.2 million GEL annually

"Georgian Dream" will import electricity to Georgia without intermediaries

"Georgian Dream" will import electricity to Georgia without intermediaries

The new scheme for purchasing electricity from Azerbaijan should save the Georgian budget several million lari annually and will subsequently be extended to other countries

Fuel in Georgia crosses the 4 GEL mark: gasoline continues to rise in price

Fuel in Georgia crosses the 4 GEL mark: gasoline continues to rise in price

Over the past two days, some gas stations have again raised prices by 3-5 tetri per liter, and since the beginning of August, gasoline has risen in price to 42 tetri

Georgia is building a giant bridge 166 meters high

Georgia is building a giant bridge 166 meters high

The arch structure, over 400 meters long, will be part of the new Kvesheti-Kobi highway, which should make the key route towards Russia more reliable

Georgia and Turkey agree to implement new technologies in education

Georgia and Turkey agree to implement new technologies in education

Tbilisi and Ankara will expand experience exchange, launch programs for students and teachers, and jointly develop scientific projects

Georgia's Business Sector Sets Record - Turnover Reaches 253.7 Billion Lari

Georgia's Business Sector Sets Record - Turnover Reaches 253.7 Billion Lari

Over the year, the indicator grew by 11.1%, and over the decade, it increased almost fourfold

In Georgia, cars can now be sold remotely online

In Georgia, cars can now be sold remotely online

The transaction is processed through the mobile application or website of the Ministry of Internal Affairs Service Agency, and the buyer has 5 working days to register the car

BSP Oil Refinery in Kulevi Receives Libyan Oil

BSP Oil Refinery in Kulevi Receives Libyan Oil

The Frankopan tanker delivered about 90 thousand tons of crude oil, the third shipment is expected in late October

Wind Power Plants in Georgia Produced 10 GWh in August 2026

Wind Power Plants in Georgia Produced 10 GWh in August 2026

Electricity Consumption Decreased by 3.6%

Red Wings intends to expand flight geography to Georgia

Red Wings intends to expand flight geography to Georgia

The Russian airline plans to expand its route network from several Russian cities

Georgia sets record for car imports from China - deliveries up 60%

Georgia sets record for car imports from China - deliveries up 60%

In the first eight months of 2026, the country imported 6,189 Chinese cars worth $60 million

Georgia's Foreign Exchange Reserves Exceed $8 Billion Mark

Georgia's Foreign Exchange Reserves Exceed $8 Billion Mark

Over eight months, the regulator acquired more than $3 billion in foreign currency on the market, increasing its international reserve stock.