Home / Tag Archives: Energo-Pro Georgia

Tag Archives: Energo-Pro Georgia

Fitch Assigns ENERGO-PRO Georgia BB; Outlook Stable

Fitch Ratings has assigned Georgia-based electricity distribution company JSC ENERGO-PRO Georgia (EPG) an Expected Long-Term Foreign Currency Issuer Default Rating (IDR) of ‘BB(EXP)’ with Stable Outlook. The ratings are aligned with those of its sole shareholder, ENERGO-PRO, reflecting strong ties between the two, as the parent provided guarantees for the …

Read More »

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 …

Read More »

Energo-Pro Georgia Introduces New Online System for Management of Resources

JSC Energo-Pro Georgia has completed introduction of IFS, the Swedish online system for management of resources. The IFS system enables the company to efficiently manage the existing resources that comprise financial, logistics, technical, projects management and other modules. The new system will enable the company to hold detailed information on …

Read More »

Hydrolea Considers Leaving Georgia due to Complication of Market Forecasting

Hydrolea Considers Leaving Georgia due to Complication of Market Forecasting

The investor is not excluding leaving of Georgia due to the complication of energy market and tariff policy forecasting. Radoslav Dudolenski, executive director of “Hydrolea” has declared on the review of investment policy at the business conference held within the frame MEETING ROOM of “PASHA Bank”.  noted on the investment …

Read More »

Energo-Pro Georgia to be Divided into Two Companies

Energo-Pro Georgia to be Divided into Two Companies

Reorganization is launched at the company Energo-Pro Georgia.   The company will be divided into two companies. One will become holder of generating assets, which will gain license on energy generation by the corresponding procedures in the code, while the second will continue activity of energy distribution. The shareholder of …

Read More »

Georgian Consumer Started Excessive Electricity Sales

“The Georgian consumer has started sales of excessive electricity generated”, the project was launched several months ago and the electricity has been already supplied to first clients. The GNERC member Giorgi Fangani told the Business Contact that Ilia State University spares 23 000 GEL thanks to solar panels’ power. The …

Read More »