About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
Eight Firms Bid for Energy Facilities
Civil Georgia, Tbilisi / 16 Jun.'06 / 22:06

The Georgian Economy Ministry said on June 16 that a total of eight, both local and foreign, companies have made their bids for purchasing electricity facilities which were put for privatization a month ago.

Deadline for making privatization bids expired on June 16.

Russian giant United Energy Systems (UES) has made its bid for two hydro power plants – Ats and Dzirula – and is ready to pay USD 4,5 and USD 20 million, respectively. There were total of six hydro power plants put for the privatization.

The Russia’s UES has also made its bid for Adjara Electricity Distribution Company and offers USD 6 million. There were a total of three electricity distribution companies on sale.

The Czech company Energy-Pro has expressed willingness to purchase all six hydro power plants for total price of about USD 150 million.

Other companies bidding for hydro power plants are Georgian TBC Group's TBC Energy; Luxtron Energy; Unitrade Service; Geo Steel,  Falcon Capital, and SB Energy.

A total initial bidding price for all these energy facilities was USD 199, but the Georgian Economy Ministry said that due to a huge amount of interest from potential investors a total price can now reach USD 282 million.

The Economy Ministry is currently considering all the bids and final decision is expected to be announced within five days.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2019, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
31