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Explore the main issues impacting Georgia's energy sector, including low collection rates, legacy debt, lack of discipline, and supply shortages. Learn about possible improvements, distribution challenges, and debt restructuring efforts. Discover the journey towards enhancing collection rates, overcoming legacy debt, and addressing supply shortages for a sustainable energy future.
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Main Issues of the Energy Sector of Georgia Nika Gilauri
Main problems • Low collection rate • Legacy debt • Bad discipline • Uninformed population • Shortage of supply – not build to operate independently
Low Collection Rate(possible improvements) • Large Industrial Customers • Georgian Railway - HP’s - DONE • Increase of tariff - Fero, Chiaturmanganum, Georgian Railway - JULY
Low Collection Rate(Distribution Companies) • Abkhazeti - NOT YET • Telasi - HAVING NEGOTIATIONS • Purchase agreement • UDC • Small Distribution Companies – DONE (19 of JUNE) • Collections at Doorstep – DONE PARTIALLY • Metering – STARTED THE PROCESS
Funds Distribution ModelSTILL BEING CONSIDERED • Current situation • Abolishing collections at doorstep • Collections through banks only • Joint account - GWEM, Tax Department, Distribution companies • Automatic distribution of funds • Motivation to increase collections • Same objectives and goals of all players
Legacy Debt – DONE • Creditors • Tax liabilities • Long term restructuring • Debt of the State • Apkhazeti • Debt of municipal companies • Bankruptcy • Debt Service agency
Bad Discipline • Political pressure – DONE (PARTIALLY) • Protection of substations - DONE • Salary debt – 7.4 mil GEL to GSE • Uninformed population – STARTED
Shortage of Supply • The system not designed to function independently • Fact - shortage in Winter • Balance out shortage in Winter by excess capacity in Summer (400 mln kvh) – NEGOTIATING • Unclear laws and regulation - • Subsidies for import -minimum 19.5 million USD
Conclusion • Remaining problems • Collection rate • Rehabilitation • Shortage of supply • Solved problems • Indebt ness • Public awareness campaign • Small Licensees • Discipline in the sector • Corruption on high level – large industrials • Rehabilitation