From Wikipedia, the free encyclopedia
JSC Telasi formerly now as Telmico
Native name
ს.ს. თელასი
Company typePrivate
IndustryEnergy
Headquarters,
Area served
Tbilisi
Services Electricity distribution
Revenue 275.8 million (2014) [1]
Total assets 264.8 million (2014) [1]
Total equity 114.6 million (2014) [1]
Owner Inter RAO UES (75%)
JSC Partnership Fund (24.53%)
Number of employees
2100+ [2]
Parent Inter RAO UES
Website telasi.ge

Telasi is an electricity distribution company of Tbilisi, Georgia. In 1998, the company was privatized to AES Corporation, whose efforts to repair and modernize the electrical grid of Tbilisi were documented in the film Power Trip by Paul Devlin. In 2003, AES sold Telasi to a Russian company Inter RAO UES. The Russian company paid $26 million to AES for Telasi and in return AES paid off $60 million of Telasi debt, in effect paying Inter RAO UES $34 million to take Telasi off their hands. The sale took place less than a year after AES-Telasi CFO Niko Lominadze was found murdered in his apartment and numerous other threats were made to AES-Telasi management. In the end, AES lost more than $300 million on the Telasi episode.

See also

References

  1. ^ a b c "Archived copy" (PDF). fund.ge. Archived from the original (PDF) on 22 April 2016. Retrieved 20 July 2022.{{ cite web}}: CS1 maint: archived copy as title ( link)
  2. ^ "Საქმიანობა".

External links


From Wikipedia, the free encyclopedia
JSC Telasi formerly now as Telmico
Native name
ს.ს. თელასი
Company typePrivate
IndustryEnergy
Headquarters,
Area served
Tbilisi
Services Electricity distribution
Revenue 275.8 million (2014) [1]
Total assets 264.8 million (2014) [1]
Total equity 114.6 million (2014) [1]
Owner Inter RAO UES (75%)
JSC Partnership Fund (24.53%)
Number of employees
2100+ [2]
Parent Inter RAO UES
Website telasi.ge

Telasi is an electricity distribution company of Tbilisi, Georgia. In 1998, the company was privatized to AES Corporation, whose efforts to repair and modernize the electrical grid of Tbilisi were documented in the film Power Trip by Paul Devlin. In 2003, AES sold Telasi to a Russian company Inter RAO UES. The Russian company paid $26 million to AES for Telasi and in return AES paid off $60 million of Telasi debt, in effect paying Inter RAO UES $34 million to take Telasi off their hands. The sale took place less than a year after AES-Telasi CFO Niko Lominadze was found murdered in his apartment and numerous other threats were made to AES-Telasi management. In the end, AES lost more than $300 million on the Telasi episode.

See also

References

  1. ^ a b c "Archived copy" (PDF). fund.ge. Archived from the original (PDF) on 22 April 2016. Retrieved 20 July 2022.{{ cite web}}: CS1 maint: archived copy as title ( link)
  2. ^ "Საქმიანობა".

External links



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