Shareholders

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GEORGIAN STATE ELECTROSYSTEM (GSE)  25% 

JSC Georgian State Electrosystem (GSE) is an electricity transmission system operator. Our company owns and operates 3,550 km transmission lines and 93 substations all over the country. The transmission network is managed by the National Dispatch Center and its technical maintenance is provided by the 3 regional networks (East, West, and Kakheti). GSE also manages the cross-border transmission lines interconnecting with the neighboring countries: Russia, Turkey, Armenia, and Azerbaijan. GSE is the operator of the Balancing and Ancillary Services Market. 

ELECTRICITY SYSTEM COMMERCIAL OPERATOR (ESCO)   25% 

Electricity Market Commercial Operator is the Wholesale Public Service Organization. The main purpose to provide public services by ESCO is to support the producers of renewable energy and Power Purchase Agreements and to promote their integration into the organized market, supporting the Universal Service Suppliers by providing a stable electricity price and facilitating their integration into the organized market, security of supply for the consumers in the occupied territory of Georgia (Autonomous Republic of Abkhazia) by purchasing electricity on the organized market.

GEORGIAN OIL AND GAS CORPORATION (GOGC)  25%

GOGC has the status of the National Oil Company and protects state interests in the Production Sharing Agreements signed with investors, as the owner of the main gas pipeline system of Georgia plays a major role in ensuring the energy security of the state. It contributes to the unimpeded operation of transboundary oil and gas transportation systems on the territory of Georgia which significantly increases the security of the country’s, EU and international energy markets through their diversification, and manages the transit revenues. Owing to the strategic location of the country, GOGC supports the development of new transit routes for full use of the energy potential of the Caspian and the Black Sea basins and further integration of Georgia into regional/global economic and political structures. GOGC diversifies its business activities, focuses on competitive power under the unified liberalized market conditions, and introduces modern management skills and QC/QA measures.

GEORGIAN GAS TRASNPORTATION COMPANY (GGTC)  25%

Georgian Gas Transportation Company is the sole licensed entity holding a permanent license under Series 22, N004 decision N21/0 10/12/2009. This license grants the exclusive right to transport natural gas as per the Law of Georgia "On Electricity and Natural Gas." The company is committed to maintaining the integrity and efficiency of main gas pipelines while ensuring a smooth and secure supply of natural gas. Operations adhere strictly to high standards, employing modern technologies and equipment.