MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

On February 16, the Ministry of Economy and Sustainable Development of Georgia held a meeting of the commission for the auction of power generation capacity from renewable sources. The Deputy Minister of Economy and Sustainable Development Vakhtang Tsintsadze chaired the session. Deputy Minister of Finance Mirza Gelashvili, representatives of other government agencies and state energy companies participated in the commission session as well.

In the second power auction, which was announced by the Ministry of Economy and Sustainable Development on December 30, 2023, as a result of the opening of closed bids, 147 projects with a total capacity of 1877 MW were submitted, which is by 1077 MW more than the figure announced by the auction.

The total installed capacity of the second capacity auction is 800 MW. The auction capacity was divided into the following categories: hydroelectric power stations (regulatory) - 300 MW; hydroelectric power stations (downstream) - 100 MW; wind power plants - 125 MW; solar power plants - 125 MW; wind power plants (with energy saving devices) - 70 MW; solar power plants (with energy saving devices) - 70 MW; power plants working on other renewable energy sources - 10 MW.

It is important that this time the so-called regulating hydropower stations, which will contribute to increasing the country's energy independence, as well as solar and wind stations with energy saving devices, which are a guarantee of the introduction of new technologies in the field.

The selected projects will be insured by the government with a price guarantee, which will ultimately create opportunities to invest more than 2 billion dollars in the energy sector.

In the first auction, which was announced for 300 MW capacity, 78 applications were submitted, totaling to more than 900 MW. 27 companies were selected as winners. 400 million dollars will be invested only in this 300 MW capacity.