Top Chinese engineering firm wants to invest in Georgia
Company plans to build gas storage and Thermal Power Plant
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One of China’s leading engineering firms is expressing its interest to invest in Georgia’s gas and energy sectors.
China Tianchen Engineering Corporation (TCC) representatives met with Government and industry officials today to discuss their vision for developing Georgia’s gas and energy capabilities.
The Chinese side met with Georgia’s Prime Minister Irakli Garibashvili, Minister of Energy Kakha Kaladze and other Government officials, together with Georgia’s Gas and Oil Corporation (GGOC) representatives, who voiced their idea to construct an underground gas storage building and combined Thermal Power Plant (TPP) in Georgia.
The Chinese side mentioned it was ready to carry out the two projects with the GGOC, which was tasked with ensuring the country’s energy security, noted the Government’s official webpage.
Since launching in 1953 TCC has become one of China’s most influential engineering-industrial corporations.
The Tianchen-based company noted its annual financial assets meet more than $1 billion USD and the corporation covered more than 30 foreign countries within its projects.
TCC noted it had vast experience successfully constructing underground gas storages and TPPs in many countries.
Huawei, a leading Chinese multinational networking and telecommunications equipment and services company is interested in developing its business in Georgia.
Georgia will be the first country in the region to launch negotiations with China about free trade, said Georgia’s Prime Minister Irakli Garibashvili after meeting his Chinese counterpart Li Keqiang in China today.
Georgia will soon begin exporting wine to one of China’s major port cities, Dalian. Georgian Wine Company (GWC) signed a Memorandum with Dalian Free Trade Zone today to solidify the deal.
State-owned enterprise Dongfang Electric has pledged to contribute about $180-$200 million for construction of a 150 megawatt Thermal Power Plant (TPP) in Georgia’s western Tkibuli region.
Garibashvili emphasised that American and Chinese companies were interested in constructing a deep-water port in Georgia that would meet 100 million ton trade turnover annually. The new port would help increase Georgia’s role as a transit nation.
A leading Chinese company could implement a new $1 billion USD highway construction project in Georgia.
The Prime Minister of Georgia and a delegation of Georgian officials are on their way to China for a five-day working visit.
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A joint project between Georgia and China is being executed in Georgia’s farming Marneuli district to build greenhouses to stimulate vegetable production.
Representatives from Mitsubishi Corporation – Japan’s largest trading company – are visiting Georgia to explore the country’s investments opportunities.
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