We are FCC Nº21

The independence and professionalism of the GNERC regulator were among the factors that determined the decision to carry out the operation The company has acquired the local company Georgia Global Utilities, known by the acronym GCU, owner and operator of the infrastructures responsible for the management of the complete water cycle in the capital, as well as in other towns in the Caucasian country. Aqualia, a company that forms part of the FCC Group as a full water cycle management operator, has closed a contract that will allow it to carry out its activity in the Georgian market. It has done so through the acquisition of Georgia Global Utili- ties (GGU), a wholly-owned subsi - diary of Georgia Capital (GCAP), owner and operator of the water cycle infrastructures in the capital, Tbilisi, but also in Miskheta and Rustavi, as well as the Zhinvali dam and reservoir, with a capacity of 520 hm3, seven drinking water treat - ment plants (DWTP), a large was - tewater treatment plant (WWTP), 58 pumping stations, 118 tanks and 4,300 kilometres of distribution ne - tworks and 1,300 kilometres of dis - tribution networks. 300 kilometres of distribution networks and 1,700 kilometres of sewers. water GCU also owns and operates ma- jor renewable energy generation assets with an installed capacity of 240 MW in nine mostly hydroelec - tric plants, some of them asso - ciated with the water cycle assets (150 MW) and others independent (90 MW). GNERC’s independence and pro- fessionalism Water management, like energy and gas, is regulated in Georgia by the Georgian National Energy and Water Supply Regulatory Commis- sion (GNERC). The regulatory system, type RAB (Regulatory Asset Base), is aimed at attracting investments in the uti- lities sector, ensuring investors the recovery of investment and opera- B U S I N E S S 17 B U S I N E S S