Georgian State Electrosystem

GSE is a joint stock company owned by Partnership Fund, a state owned investment fund, while its management rights are transferred to the Ministry of Energy of Georgia. GSE provides power transmission and dispatch services all over the country. Transmission is provided from hydro, thermal and wind power plants to power distribution companies and direct customers. The main areas of GSE activity are to: Plan and coordinate electricity generation and consumption Provide access to the transmission network Develop the transmission network (construct new cross-border and internal transmission lines and substations) Maintain the transmission network. Highlights: 100% of GSE shares belong to state owned investment fund Partnership Fund. The right to manage GSE has been transferred to the Ministry of Energy of Georgia. GSE activities are regulated by the Georgian National Energy and Water Supply Regulatory Commission (GNERC). GSE has two subsidiaries: Energotrans Ltd and Karchal Energy (a company operating in Turkey).