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Enter Georgia’s energy market – largest FDI recipient in 2019

Energy Week Georgia 2020

The event brings together the Government officials, generating as well as transmission and distribution companies, local funds as well as international financial institutions, major international investors, EPC and consultancy companies from all over the world to foster the deployment of renewable energy in the country and to unlock the potential of international cooperation.

Liberalised Market

A liberalized and deregulated market allows renewable energy generators to operate freely on the Build-Own-Operate (BOO) principle, with investors being free to choose the market they wish to operate in.

Demand Growth

Local energy demand is forecast to grow steadily in line with the GDP of the country, with further opportunities to export to neighboring countries suffering from structural power deficits or expensive power generation.

Untapped Potential

Georgia has huge untapped renewable energy potential, including annual HPP greenfield potential of 50 TWh with installed capacity of 15000 MW as well as considerable wind, solar, geothermal and biomass potential.

The energy sector is the lifeblood of economic growth and the largest FDI recipient in Georgia. Today, the Government takes significant steps to strengthen Georgia’s energy independence, as well as to achieve sustained investment, increased efficiency and supportive regulatory conditions.   

We have a clear vision supporting energy generation to deal with predicted deficiency and to export electricity. With this respect, the hydropower sector with a total investment of 5 billion USD is essential. Also, there is great potential to develop solar and wind power energy resources. 

MoreoverGeorgia has confirmed its readiness and commitment to ensure the establishment of electricity markets that comply with free market economy principles and non-discriminatory access and transparency requirements. It is planned to fully open the market in 2021.  

We look forward to discussing the possibilities of cooperation with international private investors and all the interested parties during the upcoming Energy Week Georgia 2020, aimed at fostering the deployment of renewable energy in  our country. 

Natia Turnava
Minister of Economy and Sustainable Development of Georgia 


Natia Turnava
Minister of Economy and Sustainable Development of Georgia
Catarina Bjorlin Hansen
Regional Director, Caucasus, EBRD
Davit Narmania
Chair, Georgian National Energy and Water Supply Regulatory Commission
Zaza Dvalishvili
General Director, ESCO
Ucha Uchaneishvili
Chairman of the Management Board/Rehabilitation Manager, GSE
David Tvalabeishvili
Deputy Minister, Ministry of Economy and Sustainable Development of Georgia
Giorgi Chikovani
CEO, Georgian Energy Development Fund
David Saganelidze
CEO, Partnership Fund
Avto Namicheishvili
CEO, Georgia Global Utilities
Aleksey Vilkhovoy
General Director, Georgian International Energy Corporation
Mikheil Khidureli
CEO, Enterprise Georgia
Levan Mebonia
Chairman of the Board of Directors, Engurhesi
Natalia Motsonelidze
Deputy Chairman, LEPL – Public-Private Partnership Agency
Sergey Kobtsev
Director General, Telasi
Prashant Joshi
CEO, Adjaristsqali Georgia
Aida Sitdikova
Director, Energy Eurasia, EBRD
Omar Ogbaidze
Financial Director, Georgian Oil and Gas Corporation
Onur Yücekal
CEO, Çalık Enerji
Alexey Loza
Energy Leader, Central, Eastern and Southeastern Europe & Central Asia
Giorgi Abramishvili
Executive Director, Georgian Renewable Energy Development Association
Zurab Gordeziani
Head of Energy, Georgia Global Utilities
Andreas Cremer
Head of Energy and Infrastructure Europe and Asia department, DEG
Ton Nijensteen
Senior Investment Officer, Renewable Energy Dept. Asia and Eastern Europe Team, FMO
Thea Gigiberia
Country Officer, IFC
Burak Candan


Business Breakfast

By invitation only
1 hour


Registration and welcome coffee
1 hour

Opening ceremony

Opening ceremony and welcome addresses
1 hour

Government incentives and support of investment projects in energy sector

How does the energy reform stimulate private investors? What steps are taken to harmonize the existing energy legislation with the European standards and to integrate the local energy system with the European energy system? The annual electricity production in Georgia is 12,5 billion kWh and by 2030, the demand will reach about 21 billion kWh. What is the Government's plan to deal with predicted deficiency? What are the main steps towards increasing energy efficiency? How is the promotion of construction of new power plants achieved? How is the seasonal need for export/import of electricity fulfilled? Electricity tariff setting and guaranteed power purchase agreements.
2 hours

The future growth of hydropower

HPP investment portfolio. What are the main driving factors for hydropower development in the country? Is there potential for large hydropower schemes in the country? Are there different permissions required for small schemes compared to the larger projects? Which HPPs need modernization? Which policies attract international investment into the country’s hydropower industry? The Hydropower Sustainability Assessment protocol from the International Hydropower Association and other international standards. Success stories of HPP construction with FDIs.
1.5 hours

Alternative energy sources of Georgia

Global picture of renewable energy market and its implication for Georgia. What will it take to achieve national goal? The role of the state in energy diversification attempts. Are there any challenges and obstacles to the growth of alternative energy sources? How could these be overcome? Which are the main regions where growth is likely to be concentrated? Are there any upcoming tenders? What is the potential of wind energy in Georgia? What is the potential for solar energy? Are there any opportunities of developing floating solar power plants in Georgia? What are the implications of the European solar module factory opening for Georgia's market? How to ensure newly built plants comply with regulations?  How to accurately forecast and predict renewable energy generation? Is there potential for geothermal and biomass energy sources?
1.5 hours

Gala dinner

All registered participants are welcome!
3 hours

Financing energy projects

What are the business models for international banks and financial institutions? What are the investors really looking for? Deep dive into the decision process for financing energy projects. Which financing models reduce risks to the private sector developer? What are the Government guarantees and incentives for investors?
1.5 hours

Transmission projects

The overview of rehabilitation works on existing high voltage transmission lines.  Construction of new transmission lines and substations. What is the expected increase of transmission capacities by 2025? What investment is needed for planned works? Can current transmission projects create demand to locally produce transmission equipment?
1.5 hours

PARALLEL ROUNDTABLE. Energy efficiency

How to reduce the economy’s energy intensity while allowing for continued economic growth and compliance with the country’s international commitments? Where do investments to improve energy efficiency come from? How can state-funded consumer incentives for energy efficiency attract more investments? What are the most effective awareness-raising measures to highlight the importance of saving energy?
1.5 hours


New energy technologies and international best practice. What are the most game-changing emerging technologies in energy generation globally? Case studies and experience sharing.
1.5 hours

Distribution and storage

What are grid connection options for new renewable-installed capacities? Linking resources to major energy users to attract investment for further RES development or expansion. How do relatively concentrated distribution markets affect consumers? Large vs small distrubution companies and the effects on tariffs. Electricity storage to shift excess supply to periods of peak demand. Electric car manufacturing factory in Kutaisi. What are the main barriers to smart charging and how to overcome them?
1.5 hours


Which macro trends are affecting energy investment in emerging markets today? Renewables’ contribution to serving Georgia’s electricity demand. The European experience with setting the framework for RES projects and what lessons can be learnt for Georgia's renewable energy sector development? Why are (long term) PPA-tariffs for renewables so important from an economic, regulatory, environmental, social and sustainability (global) perspective? Renewable energy auctions: expectations vs. reality.
1.5 hours


Congress closing ceremony
30 minutes


Participants gathering for departure
15 minutes


Technical visit 1. QARTLI WIND FARM
Qartli Wind Farm is the first wind power plant in Georgia with a total installed capacity of 20.7 MW and an annual forecasted generated electricity output of 84 100 000 kWh. The plant was commissioned on December 20 of 2016.

Technical visit 2. Zhinvali HPP (130 MW) and Reservoir
Zhinvali, also Jinvali, is an artificial water reservoir located on the river Aragvi in Georgia. The building of the hydroelectric dam formed the Zhinvali Reservoir. The dam has been built in 1986.

3 hours


1 hour


Mtskheta was the capital of the ancient eastern Georgian kingdom of Iberia from the 3rd century BC to the 5th century AD. It is of extraordinary importance to the Georgian people and listed as a UNESCO World Heritage site. It was here that Georgia adopted Christianity in AD 334.
2.5 hours

Request Energy Week Georgia 2020 official brochure

Get the latest event information with market analysis, speaker and agenda information and well as participation options.














  • Participation in all the sessions
  • Participation in the exhibition
  • Networking and coffee breaks
  • Gala dinner
  • Access to presentations and photos


  • Transfer from/to Tbilisi
  • Technical visit to a power plant (choice of two types of power plants)
  • Guided city-tour of Mtskheta
  • Authentic Georgian cuisine tasting


  • 2 delegate passes (incl. Gala dinner)
  • Production and installation of the 2x3m banner stand
  • 1x table and 2x chairs
  • Profile in the event’s catalogue
  • Logo (linked to company’s website) on the event’s homepage


Sheraton Grand Tbilisi Metechi Palace 


20 Telavi Street, Tbilisi, Georgia 0103 

Phone: 995 32 2772020 






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