Turkey’s Calik Holding plans to build power stations in Georgia

One of Turkey’s largest companies, Calik Holding, is planning to expand its business in Georgia’s energy sector.

Istanbul-based Calik Holding revealed it was interested in building a combined cycle thermal power plant, wind and hydro power stations and a gas storage facility.

Calik Holding chairman Ahmet Calik met Georgia’s Prime Minister Giorgi Kvirikashvili in Tbilisi today and shared his plans of future investment in Georgia.

The company was also interested in Georgia’s textile industry. At the meeting the Georgian and Turkish officials discussed details of the proposed project, then decided the textile plant will be built in Georgia’s Guria region.

The Turkish conglomerate is already a major investor in Georgia.

Together with Georgia’s state-owner shareholding company, Partnership Fund, Calik Holding helped build a $230 million USD combined-cycle power plant in Gardabani in Georgia’s Kvemo Kartli region.

Calik Holding is active in the sectors of energy, telecom, textiles, construction, finance and mining. Through its ventures in Turkey and 16 other countries, the company employed around 24,000 people.