For development of the energy sector of Georgia and expansion of activities, GOGC has developed the design for construction of 230 MW combined thermal power plant in Gardabani. The company obtained funds for the project implementation by placement of Eurobonds at London Stock Exchange in 2012. In 2012, the company together with JSC "Partnership Fund" established "Gardabani TPP 1" LLC with share participation of 51% and 49%, respectively, within the framework of the above project. Construction of Gardabani TPP was completed in July 2015 and it was successfully put into operation. It is operated by "Gardabani TPP 1" LLC.
Considering the successful operation of Gardabani TPP, the company made a decision to construct the second TPP to be placed next to the existing TPP in Gardabani. For implementation of this project, the company established "Gardabani TPP 2" LLC which is 100% owned by the company. The funds allocated for construction partially consist of the company’s own funds and partially from the funds received from international financial institutions. It is planned to complete construction of Gardabani TPP 2 by spring 2019 and its commissioning is planned for 2020.
JSC "Georgian Oil and Gas Corporation" will start the gas storage construction works in 2020. Commissioning of the project is planned in 2024.
GOGC Trading S.A was founded in August 2017 with a registered office in Geneva (Switzerland). The corporation owns 100% of the company's 100,000 Swiss francs with equity capital. The company aims to trade and logistics with crude oil, oil products and other substances.