Georgian Industrial Group
| Private company | |
| Industry | energy |
| Founded | 2006 |
| Founder | David Bezhuashvili |
| Headquarters | Tbilisi, Georgia |
|
Key people
|
Joerg Matthies (CEO) Zurab Gelenidze (CFO) |
| Products | various |
| Revenue |
 $160 million (2015) |
|
Number of employees
|
3000+ (2016) |
| Subsidiaries |
Kutaisi Auto Mechanical Plant Zedazeni |
| Website | www.gig.ge |
The Georgian Industrial Group (GIG, Georgian: საქართველოს ინდუსტრიული ჯგუფი, sak'art'velos industriuli jgup'i) is the largest holding company in Georgia, with business interests ranging from energy to real estate, headquartered in the country's capital of Tbilisi. It was founded, in 2006, by David Bezhuashvili, With more than 3000 employed staff and combined annual sales revenues of USD 160 m Georgian Industrial Group (GIG) is one of the largest industrial groups in Georgia.
The business of GIG has been expanding quite steadily over the last years by means of acquisitions but also through organic growth e.g. by construction of new generation facilities such as hydropower plants. Over the last few years we accelerated growth in areas such as energy trading and we prepared the ground to reach more than 1000 MW in installed electric power generation capacity as well as a market share in Georgian electricity generation of some 25 to 30% within the next 3 to 4 years.
GIG has a diversified business portfolio with a clear focus on the energy sector including the following:
- Electricity generation and trading: the group owns and operates thermal and hydropower plants with a total installed capacity of 662 MW. A 300 MW coal fired power plant with modern CFB combustion technology is currently under reconstruction. The group furthermore has some 70 MW of hydro and wind energy facilities under planning and development. Overall GIG accounts for some 20% market share in electricity generation of Georgia. GIG and its subsidiaries are the largest electricity trader in Georgia handling export/import, transit and swap transactions with all of its neighboring countries.
- Coal mining: GIG owns and operates the only coal mine in Georgia. With under license reserves of more than 331 m tons Tkibuli coal mine development envisages rising output up to 1 m tons p/y by 2020.
- CNG refueling and natural gas trading: Under its brand NEOGAS owns and operates a large network of CNG refueling stations across Georgia. Besides, GIG is involved in regional gas trade and wholesale trading in Georgia. Preparatory works are underway to explore and commercialize the abundant coal bed methane potential of our coal deposits.
- GIG are also involved in commercial real estate, construction materials, beverages and metal works.
The largest subsidiaries and affiliated companies of GIG are Georgian International Energy Corporation (GIEC), Mtkvari Energy, Saknakhshiri, CPower,Tiflis Group, Globaltrans and Kutaisi Auto-Mechanical Factory(KAMP).
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Wikipedia