In 11M2023, large companies operating in Georgia consumed 2.55 billion kilowatt hours of electricity, which was 918 million kilowatts or 26% less compared to the same period last year.
The decrease in electricity consumption by the industry has two determining factors - one is the decrease in the consumption of the metallurgical production, ferroalloys sector, and the second is the decrease in the activity of companies engaged in cryptocurrency mining.
In 11M2023, Georgian Manganese Group consumed the most electricity, totaling 808 million kilowatts, although the company's consumption in the same period last year was 1.05 billion kilowatt hours, which was a 23% drop. Bitfury, engaged in crypto mining, consumed only 0.7 million kilowatts hour this year, while consumption in 2022 exceeded 170 million kilowatt hours, the decrease amounted to 99.5%. Similarly, the consumption of crypto-mining electricity this year was 0, while the previous year it was 132 million kWh.
Companies By The Biggest Energy Consumption In 11M2023:
Georgian Manganese and Zestapon Ferroalloy Plant - 808 mln KWH
JSC Rustavi Nitrogen - 237.7 mln KWH
HeidelbergCement Georgia LLC - 193 mln KWH
JSC Georgian Railways - 161.6 mln KWH
Georgian Water and Power LLC - 154.7 mln KWH
Rustavi Steel LLC - 153.8 mln KWH
United Water Supply Company of Georgia LLC - 120.8 mln KWH
Chiaturmanganum LLC Georgia - 107.8 mln KWH
Geostyle LLC - 105.6 mln KWH
JSC RMG Copper - 97.4 mln KWH
