Telasi

Telasi, founded in 1937, is a prominent electricity distribution company based in Tbilisi, Georgia. The company's history includes a significant privatization event in 1998 when it was acquired by AES Corporation, which initiated efforts to modernize the city's electrical grid, as documented in the film Power Trip. In 2003, AES divested Telasi, selling it to Inter RAO UES, a Russian energy company. This transaction involved AES effectively paying Inter RAO UES $34 million to assume ownership, after accounting for debt settlement and the purchase price of $26 million. The period surrounding this sale was marked by significant challenges, including the murder of Telasi's CFO and threats to management, contributing to AES's substantial financial loss exceeding $300 million on the venture.

Despite these historical complexities, Telasi continues to operate as a key utility provider in Tbilisi. The company's operational scale is indicated by its employee range of 1,000 - 5,000 individuals. Its revenue was reported at $85.7 million. Telasi's industry classification spans Electricity, Oil & Gas and Energy, Utilities & Waste Treatment, highlighting its core function in the energy sector. The company's product offerings are centered around energy distribution and related services.

Telasi's operational footprint is primarily concentrated in Georgia, with its headquarters located in Tbilisi. The company's strategic importance lies in maintaining and upgrading the electricity distribution infrastructure for the capital city. Understanding the human element behind its operations is crucial for appreciating its service delivery. Meet Telasi's team to learn more about the individuals driving its mission and operations within theView more...