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.
Gardabani TPP 2 LLC was established in 2016 with 100% shareholding of GOGC for construction of second thermal power plant in Gardabani.Construction of Gardabani 2 thermal power plant was conducted by chinese company China Tianchen Engineering Corporation (TCC).Gardabani 2 thermal power plant project was finalised in December 2019 and in March 2020 GNERC issued electricity generation license to Gardabani TPP 2 LLC. Consequently, Gardabani TPP 2 LLC started its operations from 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.