RENEWABLE ENERGY

GGU’s renewable energy business owns and operates 149 MW renewable energy assets: four hydro power plants with 149 MW installed capacity which are linked to water utility services – portion of power generated by these power plants are used for internal consumption of water utility business to power its water distribution network, while the remaining electricity is sold on the market. GGU’s competitive advantage lies in its ability to offer full-year deals of electricity supply to direct customers.
The renewable energy business is one of the most strongly positioned players in the deregulated and fast-growing electricity market.

Key highlights:

Ownership of Zhinvali HPP - the second largest hydro power plant with a reservoir in Georgia, facilitating the best year-around deals on deregulated electricity market.
Self-sufficient in terms of electricity consumption.
Natural Hedge of FX risk - Fully dollarized business, as both PPAs and electricity market sales are set in US dollars.

Operating environment:

Georgia is on track to the harmonization of current energy market structure with EU directives leading to liquid, competitive and transparent market.
Growing electricity market as supply lags behind the increasing demand, creating opportunities.

RENEWABLE ENERGY

Key highlights:

Ownership of Zhinvali HPP - the second largest hydro power plant with a reservoir in Georgia, facilitating the best year-around deals on deregulated electricity market.

Self-sufficient in terms of electricity consumption.

Natural Hedge of FX risk - Fully dollarized business, as both PPAs and electricity market sales are set in US dollars.

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Operating environment:

Georgia is on track to the harmonization of current energy market structure with EU directives leading to liquid, competitive and transparent market.

Growing electricity market as supply lags behind the increasing demand, creating opportunities.