Georgian gas distribution companies to invest $108 mln to improve network reliability over 5 years

TBILISI. Nov 28 (Interfax) - The Georgian National Energy and Water Supply Regulatory Commission has approved investment to be made by gas distribution companies in 2025-2029 for raising the gas supply network's reliability, the commission said on its website.

The total amount that the six gas distribution companies, namely Tbilisi Energy LLC, Sachkheregaz LLC, EnergoUnion LLC, SOCAR Georgia Gas LLC, Sakorgaz LLC and Telavgaz LLC, plan to invest over five years is 295.2 million lari or $107.6 million at the current exchange rate.

"The goal of the investment projects agreed between the companies and the commission is to raise service quality and the reliability/stability and efficiency of the network's functioning, as well as ensure a safe and continuous gas supply, the regulation of natural gas accounting and a reduction in losses," it said.

Tbilisi Energy will invest the largest amount, providing 173.1 million lari to support and expand the gas network in Tbilisi.

SOCAR Georgia Gas will invest 52.3 million lari, Sakorgaz 65.55 million and Telavgaz 3.57 million lari. Sachkheregaz plans to invest 396,570 lari and EnergoUnion 279,700 lari.