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 2022. Commissioning of the project is planned in 2025.
Georgian Natural Gas Transmission Network Owner LLC (hereinafter - TNO) was established by JSC Georgian Oil and Gas Corporation on April 29, 2021 with 100% share ownership. The main purpose of TNO is to finance investments for the development of the Main Gas Pipeline System (MGPS) of Georgia in close cooperation with Independent System Operator (hereinafter – IDO). To fulfill TNO’s objectives, JSC Georgian Oil and Gas Corporation transferred MGPS and all related infrastructure in the ownership of the latter in May, 2021 and all rights and obligations indicated in MGPS rent agreement between JSC Georgian Oil and Gas Corporation and Georgian Gas Transportation Company LLC was also transferred to TNO. TNO as independent legal entity will support the development of MGPS by financing investment projects related to development and expansion of gas pipeline system of Georgia in cooperation with IDO. In parallel, by 2023 JSC Georgian Oil and Gas Corporation will finalize on-going construction projects related to the development of MGPS which subsequently, will be transferred in the ownership of TNO. As a result of this change, the functions related to the natural gas trade, ownership of MGPS and operation of respective infrastructure will be separated, representing one of the requirements of the EU Directives to which JSC Georgian Oil and Gas Corporation consistently follows.
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.