Georgia Capital PLC Financial and Operational Report
RENEWABLE ENERGY BUSINESS
OPERATING PERFORMANCE OVERVIEW
RENEWABLE ENERGY
KEY DRIVERS
■ A 2.8% y-o-y increase in 3Q23 revenue
reflects the net impact of:
。 A 1.3% y-o-y decrease in electricity
generation in 3Q23 influenced by varying
weather conditions; and
。 The electricity exports to the Republic of
Türkiye which led to a 3.9% y-o-y increase in
the average electricity selling price in 3Q23,
while also affecting operating expenses, up
33.0% y-o-y in 3Q23, resulting from the
electricity and transmission costs incurred
due to electricity exports.
US$ MILLION
5
REVENUE DEVELOPMENT
+2.8%
60
3
3
12
-2.3%
11
+0.1%
5
5
-4.3%
EBITDA DEVELOPMENT
-2.7%
5
4
6
GEORGIA
CAPITAL
-9.9%
8
3
2
6
6
3Q22
3Q23
9M22
9M23
3Q22
3Q23
9M22
9M23
■PPA
■Non-PPA
- Total revenue
KEY OPERATING HIGHLIGHTS
Electricity
98.7
generation (GWh)
Average sales price
(US$/MWh)
54.3
3Q22
VS.
■ 3Q23
Change y-o-y
9M22
VS.
■ 9M23
Change y-o-y
97.4
-1.3%
221.2
203.2
-8.1%
56.4
+3.9%
53.1
56.4 +6.2%
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