Turkish Calik Holding to launch Major Investment Projects in Georgia

TBILISI - One of the largest Turkish companies, Calik Holding and GE Power, plan to carry out major investment projects in Georgia.

The company is considering implementing the new combined cycle thermal power plant, wind and hydro power plants and gas storage facility construction projects.

Chairman of Calik Holding, Ahmet Çalık, and Vice President of GE Power, Ricardo Cordoba, discussed planned and implemented projects at a meeting with the Prime Minister Giorgi Kvirikashvili.

According to Energy Minister Kakha Kaladze, the company's energy sector related projects concerns the construction of wind and hydroelectric plants with the capacity after installation of 80 megawatts, as well as the building of a new thermal power plant. The procedure of an expression of interest on such large projects has already been launched.

Calik Holding is also interested in the development of textile production. Negotiations are being held regarding the establishment of a textile industry, which is expected to be implemented in western Georgia.

Established in 1981, Çalık Holding is one of the largest industrial enterprises in Turkey and currently operates in sectors of energy, telecom, textile, construction, finance and mining. It employs about 24,000 people in 17 countries and has around $7.5 billion of annual consolidated asset size.

By Ana Akhalaia

Edited by Chloe Diamond

30 March 2016 15:44