Vakhtang Kvekvetsia



Tel: +44 20 7659 8746
Fax: +44 20 7659 8501

Email: vakhtang.kvekvetsia@nera.com
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MSc in economics and finance, University of Warwick
Diploma in management of banking, with Distinction, Tbilisi Business Academy, Georgia
Diploma in physics, with Distinction, Tbilisi State University, Georgia


Vakhtang Kvekvetsia is a Director in NERA’s Energy Practice in London who has over 20 years of experience in electricity and gas sectors worldwide. He leads projects for corporate clients, governments, and international financial institutions, guiding them on energy sector restructuring, integration of renewable energy, cost benefit analysis of government policies and investment projects in energy and water sectors, market due diligence, valuation and risk analysis of energy assets, and merger cases.

Mr. Kvekvetsia is a seasoned expert witness with testifying experience in arbitration. He has developed a range of market simulation and valuation models, helping clients in estimating damages in the context of international arbitration and litigation, valuing assets and contracts for due diligence, determining cost reflective tariffs, and managing risk.

Mr. Kvekvetsia’s experience spans Europe, former Soviet Union countries, the Middle East, and Africa. Prior to joining NERA, he worked as a Financial Analyst in the World Bank country office in Georgia, analysing energy utilities, energy sector tariffs, and cost recovery levels in Georgia, Moldova, and Ukraine. His work has provided him with first-hand experience responding to the challenges faced by policy makers in transition economies.



Title Type Author
Review of the Impact of the Carbon Price Floor on the GB Electricity Market Study By Sean Gammons, Vakhtang Kvekvetsia, et al.
Electricity Market Reform: Assessment of a Capacity Payment Mechanism Report By Graham Shuttleworth, Sean Gammons, Vakhtang Kvekvetsia, Richard Druce, and Robin Brejnholt
Estimating the Economic Costs and Benefits of ECGD: A Report for the Export Credit Gu... Report By Vakhtang Kvekvetsia