Georgia Global Utilities

What Georgia Global Utilities does

Georgia Global Utilities JSC (GGU) is a privately held water utility and renewable energy holding company headquartered in Tbilisi, Georgia, operating as a regulated natural monopoly under the Georgian National Energy and Water Supply Regulatory Commission. The company supplies potable water and provides wastewater collection and processing services to approximately 650,000 residential customers (translating to roughly 1.3 million people) and 42,000 commercial customers across Tbilisi, Rustavi, Mtskheta, and Gardabani — more than one-third of Georgia's population. Water tariffs are regulated under a framework incorporating a 15.45% regulatory WACC, and billing is recurring monthly. GGU is 100% owned by Spanish water utility FCC Aqualia, the fourth-largest water company in Europe serving 45.2 million users across 18 countries.

In parallel, GGU owns and operates four hydroelectric power plants with an aggregate installed capacity of 149 MW, including the Zhinvali HPP — the second-largest reservoir-equipped hydro plant in Georgia. A portion of generated power supports internal water-distribution consumption, while surplus electricity is sold to direct customers under full-year supply deals on the deregulated Georgian electricity market. Revenue is generated through regulated subscription-based water and wastewater tariffs and electricity sales, with both businesses financed in part through two green Eurobond issuances (US$250 million in July 2020 and US$300 million in July 2024, the latter under EBRD's Green Cities program with support from EBRD, IFC, ADB, and DEG). GGU maintains a BB- credit rating from Fitch and a BB corporate rating from S&P Global.

Name

Georgia Global Utilities

Legal name

JSC Georgia Global Utilities

Website

https://ggu.ge

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Georgia Global Utilities is a privately held, regulated water and wastewater monopoly serving approximately 1.3 million people across Tbilisi and surrounding areas, and operates four hydroelectric plants with 149 MW of installed capacity. It is wholly owned by Spanish water utility FCC Aqualia.

Ownership category

akta.pro rank

Product category

Water and Wastewater Utility Services

NAICS

Water, Sewage and Other Systems (2213), Hydroelectric Power Generation (221111), Electric Power Generation, Transmission and Distribution (2211), Water Supply and Irrigation Systems (221310)

SIC

Water Supply (4941), Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Reservoir/Impoundment Hydroelectric Generation (EUACAEAB)

akta.pro secondary industries

Hydropower Operations, Maintenance & Refurbishment (R&M/Life Extension) (EUACAEAG), Hydropower Balance-of-Plant & Electrical Systems (Transformers, Switchgear, Protection) (EUAMADAD), Hydropower Plant Development & Permitting (Greenfield/Brownfield) (EUACAEAE)

Keywords

• Water utility services
• Wastewater treatment
• Hydroelectric power generation
• Renewable energy
• Potable water supply

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Others

Revenue model

1. Water Utility Services: Regulated natural monopoly providing potable water supply and wastewater collection/processing services to approximately 650,000 residential customers (1.3 million people) and 42,000 commercial customers in Tbilisi and surrounding areas. Revenue is regulated by the Georgian National Energy and Water Supply Regulatory Commission with current regulatory WACC at 15.45%.
2. Renewable Energy (Electricity Sales): GGU owns and operates 149 MW of hydro power plants. Portion of generated power is used for internal water utility consumption while remaining electricity is sold on the deregulated market. GGU offers full-year electricity supply deals to direct customers.
3. Green Bond Issuance: GGU issued a $300 million green Eurobond to finance water infrastructure projects in Tbilisi. The bond aligns with Green Bond Principles and supports environmental goals including addressing water losses.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Georgia Global Utilities supplies potable water and provides wastewater collection and treatment services across Tbilisi and surrounding areas (Rustavi, Mtskheta, Gardabani), serving approximately 650,000 residential customers (1.3 million people) and 42,000 commercial customers under a regulated natural-monopoly franchise. In parallel, GGU owns and operates four hydroelectric power plants with 149 MW of aggregate installed capacity, using a portion of generated power internally for water operations and selling the remainder on the deregulated Georgian electricity market under full-year supply deals.

Product overview

GGU is a dual-segment holding company operating two core business lines: Water Utility Services and Renewable Energy. The Water Utility segment provides regulated potable water supply and wastewater collection/processing to over one-third of Georgia's population in Tbilisi and surrounding areas. The Renewable Energy segment owns and operates four hydroelectric power plants with 149 MW aggregate installed capacity, powering internal water distribution operations while selling surplus electricity on the deregulated market. Both segments are fully owned by Spanish parent company FCC Aqualia.

Differentiator

Problem solved

Functional benefit

Products and services

• Water Utility Services Regulated natural monopoly providing potable water supply and wastewater collection and processing services to approximately 650,000 residential customers (1.3 million people) and 42,000 commercial customers across Tbilisi, Rustavi, Mtskheta, and Gardabani. Services and tariffs are regulated by the Georgian National Energy and Water Supply Regulatory Commission, with a regulatory WACC of 15.45%.
• Renewable Energy (Hydroelectric Power)

Quantifiable outcome

• Serves approximately 1.3 million people (650,000 residential customers) and 42,000 commercial customers
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• FCC AqualiacoreStrategic or Co-development Partner100% of GGU's shares are owned by Spanish water utility company FCC Aqualia, the fourth water company in Europe by population served and the ninth in the world. FCC Aqualia currently provides service to 45.2 million users across 18 countries.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/georgia-global-utilities

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Georgia Global Utilities