Foreign direct investment in Georgia’s energy sector showed a mixed trajectory in 2025, with strong overall growth but a sharp drop in the latest quarter. From January to September, energy-related FDI reached $139.9 million, up 9.3% compared to the same period last year. However, figures for the third quarter reveal a different trend. Investment in the sector fell to $13.9 million, a 59.8% year-on-year decline.
BMG reported the data of the top 10 investors in Georgia’s energy sector during the nine-month period were:
- JSC Telasi
- JSC Georgia-Urban Energy
- JSC Tbilisi Energy
- JSC Energo-Pro Georgia
- JSC Sakorggaz
- JSC Dariali Energy
- JSC Ajaristskali Georgia
- JSC EP Georgia Generation
- JSC EP Georgia Supply
- JSC Voltares Power Project
Preliminary figures show that Georgia’s total FDI rose by 11% in the first three quarters of 2025, reaching $1.296 billion. This increase is largely attributed to a strong third quarter, when overall FDI climbed to $533.2 million, more than double the revised figure for Q3 2024. Geostat explains that the spike was driven primarily by an increase in the debt component of foreign investment.
