
GIEC is prominent player in electricity field being one of the most important private electricity suppliers in Georgia. The company exports electricity to its neighboring countries and targets to enter new markets. Shortly after the GIEC acquisition, GIG Holding started to improve company's value through its experienced management and aggressive development strategies. Being managed by GIG Holding, company has the ambitious strategy to consolidate its leading position in the energy sector of Caucasus Region.
With the confidence in clear understanding of energy industry dynamics the company believes there will be strong returns on planned and implemented modernization program, intended to improve the existing plants, as well as on increase of power generation capacity resulted from constructing new assets. SeeProjects in Pipeline for more information on GIEC's initiatives.
The current power plants are summarizing an installed capacity of nearly 362 MW, where hydro power plants take 49 MW, gas-fired TPP about 300 MW and the rest 13,2 MW for coal-fired TPP.*HPP - Hydropower plant, TPP - Thermalpower plant.