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Natia Turnava: large state energy companies finish 2019 with an operating profit

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BM.GE
06.12.19 12:59
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Natia Turnava, the Minister of Economy and Sustainable Development, heard the annual reports of state-owned energy companies - Georgian State Electrosystem and Sakrusenergo. Both companies are finishing 2019 with an operating profit.

“The sustainability of the power grid is crucial to Georgia's uninterrupted power supply. It is also necessary to make additional investments in the mentioned infrastructure. Our energy system will become more involved in the European power grid, after new hydro power plants will be built.

Therefore, it is very important to note that both companies - Georgian State Electrosystem and Sakrusenergo - are financially sustainable structures today. Both companies ended 2019 with an operating profit, which is a good example for other state-owned companies,”said Natia Turnava, Minister of Economy and Sustainable Development after the presentation.