Mamuka Tsiklauri

Budgeting and Reporting specialist at Georgian Industrial Group Holding

Mamuka Tsiklauri's Professional Contact Details

Email (Verified)

****@gig.ge

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Location

Georgia, US

Company

Georgian Industrial Group Holding

Person Seniority

entry

Mamuka Tsiklauri's Current Company Details

Georgian Industrial Group Holding

Tbilisi, Tbilisi, Georgia • 50 Employees

oil & energy

Georgian Industrial Group is the largest industrial holding in Georgia with a diversified business portfolio, including coal mining, energy generation (hydro, natural gas and coal fired power plants), natural gas retail and real estate. With 20 years of business experience in Georgia, the group adopted a holding company structure in 2006. COMPANY PROFILE Electricity Generation and Natural Gas Retail: Georgian International Energy Corporation (GIEC) represents Electricity Generation and Natural Gas Trade arm of the GIG Group. Founded in 2005, GIEC is a prominent supplier of the local electricity market, while also exporting to neighboring countries. Currently GIEC operates 8 small Hydro Power Plants across Georgia and strategically important Thermal Power Plant. GIEC's total installed capacity of 349 MW, is made of 49 MW hydro power plants and 300 MW of gas-fired TPP. In 2014 company obtained 15% share of total winter electricity generation and 9% yearly generation of the country. Coal Mining: In the coal mining business GIG is represented by Saknakhshiri LLC. The company is the nation's only coal producer and sole owner of economically important Georgian coal mining assets, which are Tkibuli-Shaori and Vale coalfields. Saknakhshiri is engaged in coal extraction, enrichment and selling processes. Under current extraction licenses, at company's disposal are 407 million tons of coal deposits. The majority of the enriched coal produced is sold under long-term contracts (1 year or more) to the local consumers. In the long-term horizon, company plans to increase its extraction volume up to 1.5 million tons annually, both to meet Georgia's growing demand and to start export sales. Investments Opportunities: GIG and its affiliated companies are seeking mutually beneficial partnership with interested investors, financial institutions, EPC contractors to develop these projects.

Founded Year

2006

Organization Website

gig.ge

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