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Reorganization at JSC ENERGO-PRO Georgia has been completed

Reorganization at JSC ENERGO-PRO Georgia has been completed

Reorganization at JSC ENERGO-PRO Georgia has been completed successfully, as a result of which legal entity – Joint Stock Company ENERGO-PRO Georgia Generation has been separated uniting company generation objects, while JSC ENERGO-PRO Georgia continues business with the distribution license, owns corresponding distribution assets, exploitation and electricity distribution.

Major factors for the reorganization are future legislative reforms, implementation of which is caused by the joining of Georgia to the energy community. In particular, 2009/72/EC directive was approved by European Parliament and European Council for the purpose of the liberalization of energy markets; the directive defines electricity generation, transmission, distribution, supply common rules and corresponding division of the license activities.

JSC ENERGO-PRO Georgia is a daughter company of the Czech ENERGO-PRO Group, which has the experience of the energy business regulated by the alike legislation in the member states of the European Union. Accordingly the Group applied the experience and completed first phase of reorganization successfully in advance. As for the upcoming changes JSC ENERGO-PRO Group unilaterally welcomes harmonization of Georgian legislation with the Euro regulations, legislative changes based on homogeniuse principles, market liberalization and increase of competition, which will foster customers service improvement and will link customer service quality to the European quality standard.

Worth mentioning is that, despite implemented and future reforms, daily activities of JSC ENERGO-PRO Georgia will maintain corresponding human and technical resources, which will foster efficient business conduct of the company.