Georgia possesses large untapped hydropower resources. At project appraisal, its hydropower potential was estimated at as much as 80 terawatt-hours (TWh) per annum, of which up to 60 TWh was considered economically feasible and less than 20% was being utilized.
Owing to economic and institutional reforms and sound macroeconomic policies, Georgia’s economy grew at an annual average of nearly 6% between 2004 and 2013. Reforms that strengthened public finances, improved business climate, fought corruption, liberalized trade, and upgraded infrastructure led to an impressive annual average growth of more than 9% between 2004 and 2008.
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