Natural gas distribution companies in Georgia will invest GEL 265 million ($97.44 million) within the next five years in improving supply in the country, the Georgian national energy and water supply regulatory commission has announced.
“The commission agreed on the investment plans to be implemented by the natural gas distribution companies in the next five years. The purpose of the agreed investment plans is to improve the reliability of natural gas distribution networks, the quality of service, to minimise emergency interruptions and to ensure continuous and safe supply of gas”, the state body said.
The planned investments are distributed as follows: Tbilisi Energy will invest GEL 35,535,479 ($13,066,104) in upgrading the Tbilisi natural gas distribution network and improving the quality of its service, Socar Georgia Gas will invest GEL 111,860,279 ($41,130,107) in improving supply in other regions, while Sakorggazi will contribute GEL 113,308,497 ($41,662,605) and Telavgazi – GEL 3,723,052 ($1,368,935), Varketilairi will invest GEL 1,039,261 ($382,127) in replacing out-of-service meters, updating network and improving service quality and Energokavshiri will invest GEL 521,000 ($191,567) in implementing projects related to the improvement of service quality. (Agenda/Business World Magazine)