The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
This all points to why Block has been managed as it has, minimal dilution with only 724m shares in circulation a four project campaign with a huge carbon capture opportunity to offset production.
You have to hand it to PH and the team this really is warming up into something with huge potential.
Https://1tv.ge/lang/en/news/economy-minister-reports-to-parliament/
Georgian Economy Minister and First Vice Prime Minister Levan Davitashvili on Wednesday reported to the Parliament of Georgia in the Minister’s Hour format.
Large-scale energy sector reform is ongoing to maximize the country’s energy potential and ensure energy security.
In the next years, Georgia will build more than 1000 km of power lines and infrastructure.
The gasification project will provide natural gas to around 94% of Georgia’s population once completed.
The development of the digital hub was named as one of the priorities.
The modernization of the Georgian railway, which is expected to be finished in 2024, as well as the Baku-Tbilisi-Kars railway, which would” drastically” shorten freight transportation time between Asia and Europe, were highlighted in the report.
The Tbilisi International Airport project, which will also serve as a transit logistics centre, is one of the government’s major aviation infrastructure projects planned for 2024.
Tourism investments continue to expand. In 2023, 7.1 million overseas travellers visited the country, a 75.6% increase from 2019.
Https://commersant.ge/news/economic/samkhret-kavkasiuri-milsadenit-gazis-tranziti-sashualod-25-it-gaizarda-levan-davitashvili
According to the First Vice Prime Minister, the Minister of Economy and Sustainable Development, the competitiveness of the "Middle Corridor" and the amount of cargo transported by international transportation by the transport sectors have increased significantly in recent years, the average growth of which has been equal to 11% in the last three years. He spoke during his speech in the "Minister's Hour" format.
"It is important that the transit role of Georgia in the energy direction has been strengthened, and over the last three years the transit of natural gas as a whole has increased by an average of 22%, and the transit of gas through the South Caucasus pipeline has increased by an average of 25%, in total it has increased by 92% compared to 2020". - noted Levan Davitashvili.
According to the Minister of Economy, electricity generation, transit and export reached a record volume. The average annual growth of electricity generation in the last three years equaled 9% (in total, compared to 2020, generation increased by 29%). At the same time, the share of imports in consumption decreased significantly, and in 2023, in quantitative terms, exports exceeded imports by almost 2 times.
According to the First Vice Prime Minister, in order to increase the competitiveness of the transit corridor, his agency will continue its work in the direction of integration into international transport systems and deepening of regional cooperation.
"Together with the partner countries, it is planned to work in the direction of digitalization of the transit corridor passing through Georgia - through the formation of a digital logistics platform in the transit corridor, which will increase the efficiency of freight transportation in the country and ensure its sustainability", - said the Minister of Economy.
Https://commersant.ge/news/economic/tslis-bolomde-12-hesis-mshenebloba-dasruldeba-levan-davitashvili
Energy is one of the most important sectors of our economy, the proper functioning and further growth/development of other economic sectors largely depends on its smooth operation," - Minister of Economy and Sustainable Development Levan Davitashvili spoke about this in the "Minister's Hour" format in the Parliament. An exchange that ensures the implementation of competitive and open market principles in the energy market.
"Energy is one of the most important sectors of our economy, the proper functioning and further growth/development of other economic sectors largely depends on its smooth operation. In order to properly and optimally utilize the great energy potential of our country and to strengthen energy security, we are continuing the large-scale reform of the energy sector. For this purpose, the activities of energy transmission and distribution will be separated from the activities of energy generation, trade and supply. In addition, the Georgian Energy Exchange will be launched, which will ensure the implementation of competitive and open market principles in the energy market. Large consumers will be gradually withdrawn from the market, depending on the size and voltage of their consumption.
At the same time, the respective regulated stations will be gradually deregulated according to their capacities. As part of the new renewable energy support scheme, the second capacity auction for 800 MW of capacity was completed in February 2024. According to the regulations and rules on the power auction, at this stage, the applications received in the auction are being reviewed," said Levan Davitashvili.
Davitashvili also said. that the construction of 12 HPPs will be completed by the end of the year, the total installed capacity of which will be 157 MW.
"The current renewable energy projects will be continued. Also, in 2024, the construction of 12 additional hydroelectric power plants will be completed, with a total installed capacity of 157 MW. It is planned to attract private investments/investors in the 350-430 MW combined cycle thermal power plant project in Gardabani municipality, and all subsequent relevant measures (design, construction, operation) In order to provide security. In order to strengthen the transmission network, more than 1000 km of power lines will be built in Georgia in the coming years, including the strengthening and strengthening of the connecting lines with neighboring countries. The Black Sea submarine power cable project is in an active phase. Work is currently underway on the technical aspects of the project - on the economic justification, which will be completed by July 2024. At the same time, JSC "Georgian State Electric System" is working on the procurement of services for the environmental and social impact report required for the project, as well as the geotechnical and geophysical studies of the seab
Morning Hepseal,
Agreed PH was out with Antler in Equatorial Guinea but just because of that why couldn't he have been in China in January,? I think in December and January PH was very very well travelled and was indeed in Beijing at some point in January.
The farm out process was started in early December and the data room as I'm mobile opened January with PH indicating that the process had a 3-6 month timeline. There will have been multiple interested parties but some will fall away, I expect there will eventually be 3 maybe four interested parties who with then be chosen based on their proposals so we could be entering fairly information rich period unless of course one entity decides they want the lot which is also a very viable alternative.
I've had a lovely day today Hepseal thank you, I hope yours has been to.
As I say like you and our resident Walt Avi8r I think theres an agenda gang here bubbling along and saying trashing the company.
Have a lovely rest of your day.