In the first nine months of 2025, foreign direct investment (FDI) in Georgia’s energy sector reached $139.9 million, marking a 9.3% increase compared to the same period last year.
However, in the third quarter alone, investment in the energy sector decreased by 59.8% year-on-year to $13.9 million.
BMG obtained the list of the top 10 companies investing the most in Georgia’s energy sector from January to September:
- JSC Telasi
- JSC Georgia-Urban Energy
- JSC Tbilisi Energy
- JSC Energo-Pro Georgia
- JSC Sakorggaz
- JSC Dariali Energy
- JSC Ajaristskali Georgia
- JSC EP Georgia Generation
- JSC EP Georgia Supply
- JSC Voltares Power Project
Preliminary data show that overall FDI in Georgia increased by 11% in the first nine months of 2025 to $1.296 billion, largely due to higher FDI in the third quarter linked to debt obligations. Specifically, FDI in Q3 reached $533.2 million, more than double the revised figure for Q3 2024. According to Geostat, this growth was driven by an increase in the debt ratio.
