BAKU, Azerbaijan, Sept. 9
Tamilla Mammadova – Trend:
Foreign direct investments (FDI) of $106.8 million has been made in the energy sector in 1Q2021 in Georgia, which is 13 times more compared to the same period of the last year, but 33 percent less compared to 2019, Trend reports via Georgia’s National Statistic Office (Geostat).
Top-20 companies according to the investments in the energy sector in 1Q2021:
1. JSC Telasi
2. LL Georgia-Urban Energy
3. LLC Tbilisi Energy
4. JSC Energo-pro Georgia
5. JSC SAQORGGAS
6. LLC Eastern Energy Corporation
7. LLC Vartsikhe 2005
8. JSC Khramhes II
9. JSC Khramhes I
10. LLC Adjar Energy -2007
11. LLC Hydro Development Company
12. JSC Dariali Energy
13. JSC Georgian branch of JSC CALIK ENERJI SANAYI VE TICARET
14. JSC Chalik Georgia Wind
15. LLC Enka Renewables
16. LLC MG Renews
17. LLC Mtkvari Holding
18. JSC EP Georgia Generation
19. LLC Inter RAO Georgia
20. LLC Koromkheti Georgia.
FDI in Georgia amounted to $234.2 million in 2Q2021, down by 2.6 percent from the adjusted data of 2Q2020. According to Geostat, the main reasons behind FDI decline are reduction of the equity amount, ownership transfer from a non-resident to the resident units, and payment of a debt by several companies.
---
Follow the author on Twitter: @Mila61979356