Published December 18, 2003 | Version v1
Journal article

AES in deficit on Georgian trade

Creators

  • 1. TREND, POB 31, 82007 Bratislava 27 (Slovakia)

Description

According to Vedomosti journal Russian state energy company RAO JES Rossii paid for Georgian assets acquisition to American company AES only 23 million USD, what is less than a tenth of sum which AES had originally paid for it. Thus total transaction value including debts reached 80 millions USD. But internal documents of American AES confirm that Americans paid 260 millions USD for Georgian assets and they took besides over 60 millions USD of obligations. Russians bought Georgian AES assets through Finnish filial Nordic Oy. Thus they obtained 75 per cent share in Telasi company which operates distributive network in Tbilisi, two blocks of plant in Tbilisi and half share in AES-Transenergy company which exports electric energy from Georgia to Turkey. RAO JES besides got managerial laws on Hramesi company which owns two water plants. Russian company controls one fifth of production and 35 per cent of electric energy sale in Georgia by these assets

Availability note (English)

Also available: English translation can be ordered from the Omega Info, Vysehradska 33, 85106 Bratislava, Slovak Republic (e-mail: info@omegainfo.sk), at USD 10.00 per standard page (1800 characters)

Additional details

Additional titles

Original title (Slovak)
AES na gruzinskom obchode prerobila

Publishing Information

Journal Title
Trend. Tyzdennik o hospodarstve a podnikani
Journal Volume
13
Journal Issue
51
Journal Page Range
p. 43
ISSN
1335-0684

Optional Information

Notes
1 fig.