Best Energy Group Buys 24.5% Share in Telasi

The 24.5% stake in JSC Telasi has been sold. Only one company had submitted an application for the auction. The mentioned stake was bought by the Best Energy Group company.

The value of the sold stake is GEL 32.381 million. The public auction was held on September 9. The starting price was $10.511 million. It should be noted that TELASI is an unprofitable company.

According to the January-June indicators, TELASI incomes from electricity supply constituted only GEL 190.59 million, while the figure in the same period of 2019 exceeded GEL 226 million. The pandemic has extremely narrowed electricity consumption in both the retail and corporate sectors.

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Best Energy Group Buys 24.5% Share in Telasi

The 24.5% stake in JSC Telasi has been sold. Only one company had submitted an application for the auction. The mentioned stake was bought by the Best Energy Group company.

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Best Energy Group Buys 24.5% Share in Telasi

The 24.5% stake in JSC Telasi has been sold. Only one company had submitted an application for the auction. The mentioned stake was bought by the Best Energy Group company.

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 03

Georgia Sees Surge in Electric Vehicle Registrations 04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06