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The GIG will Build a 300 Megawatt Capacity Thermal Power Plant

The largest Italian group Muratori & Cementisti – C.M.C.di Ravenna SocietàCooperativa signed cooperative memorandum with Georgia Industrial Group GIG.

Within the framework of the Memorandum the Parties agree to establish a joint venture in Georgia, which will participate in implementation of large infrastructure and energy projects,- Levan Vepkhvadze, General Director of GIG explains details at Analitika TV show:


What kind of interests do you share with C.M.C and which one is the famous cooperative project?

It is very important that such a large group is making a decision to operate on the Georgian market. Despite the fact that this group works in about 30 countries, they are not active in the region. Today we need technologies in Georgia that will enable us to more efficiently implement  our infrastructural projects. The Georgian Industrial Group stated that its purpose is to expand business activity.The group plans to establish a specific enterprise in Georgia with one of the largest partners in the world to take care of large scale projects in Georgia as well as in the region.

These large-scale projects do not necessarily mean a particular view, because if the tunneling technologies involve one of the world’s greatest experiences, tunneling is linked to the construction of hydro-power plants and the creation of high-speed motor infrastructure.

As for the projects, we are in the process of negotiations, we should evaluate our resource and requirements of specific projects and we will see the concrete direction.

If you can set specific areas and sectors of the economy, which is now very attractive and interesting for businesses in the country?

Our business activity is based on two directions. One is – what is interesting in the country and the second – what knowledge and experience we have in particular directions. Maybe health care is attractive, but we do not think about its enlargement, because we are oriented on such directions that are related to energy and infrastructure projects. We are planning to build the thermal power plant and the tender results will be announced in the next month. The thermal power plant will be 300 MW.The coal is the only fossil fuel in our country and the warfare industry built on it is a guarantee of long-term energy security. After August 25, everything will move into a more active phase because companies will find out who will be involved in construction.

The International Monetary Fund also has a new program that private public partnership should be regulated by law. Do you think a separate law is required?

Obviously, any rules that are defined in the law are, of course, more guarantees that if the rules change, this should be in the form of public discussion. That is why I think that such norms should be at the legislative level, so that the investor knows the long-term result of its particular activity. However, we have little experience of joint programs between the state and business and we are one of the largest groups in this regard. Naturally, we want to be the state partners in large infrastructure projects. The introduction of C.M.C also proves that we are ready to implement many of the necessary projects with the state.


As far as we know, GIG was interested in Iranian gas imports, what is happening in this regard?

I can not tell you more details because we can not deny that we have contact with Iran, but I can not even confirm that we have a specific agreement and some kind of import will start. The business feels that the more supplier and the different sources are, the more competing ones and the greater the freedom of business in such environment. Iranian gas, of course, can be competitive, and we need diversification.

Do you plan to reduce the imported coke on the market and what is happening in this direction?

These are businesses that can not be implemented in one day and in a week. We verify that we are really working on it, but it is too early to talk about specific dates, because it is about introduction of technologies, sorting relations with partners and then moving into the production process. We work in this direction and feel the support from the state. It is disappointing that the only project was implemented and the state was involved. The owner of the project is actually a state and not a private investor. We have to work seriously with the state to find out why there are no private investments in renewable energy, what prevents this and how will we solve this problem together. We are very active in this regard. It would be nice to create a renewable energy association and gather companies interested in this.