Georgia Capital PLC Financial and Operational Report
Private investment
stage portfolio
companies
EXTERNALLY VALUED
RENEWABLE ENERGY BUSINESS OVERVIEW (CONT'D)
PERFORMANCE HIGHLIGHTS
RENEWABLE ENERGY PROJECTS OVERVIEW | 30 SEPTEMBER 2023
Generation,
GWh
55.4 58.6 18.5 15.2 23.6 24.9 97.4 98.7 91.0 94.0 46.0 62.7 66.3 64.5 203.2 221.2
GEORGIA
CAPITAL
Commissioned Installed capacity
projects
Gross
PPA
(MWs)
capacity factor
(P50)
expiration
PPA tariff,
US$/KWh
Generation in
deficit months
3,079
2,985
5,507
5,356
11,740
11,472
Mestiachala HPP
30.0
40%
WME
896751
1,5321,620
5,0104,508
2,154
3,039
Mestiachala
Hydrolea
3Q2023
Qartli WPP
3Q2022
Total
Mestiachala
Hydrolea
9M2023
1H34
5.5
72%
20.4
70%
2H23-2H28
Hydrolea HPPS
Qartli Wind Farm
20.7
47%
4,3084,193
Total operating
Qartli WPP
Total
9M2022
71.1
5.5-5.6
79%
2H29
6.5
85%
Note: Mestiachala HPP was commissioned in 1H19; Qartli Wind Farm and Hydrolea HPPS were acquired in 2H19 by GCAP.
FINANCIAL HIGHLIGHTS
EBITDA (US$ million)
3Q23
4.4
9M23
3Q23
9M23
8.3
Change (y-o-y)
-2.7%
-9.9%
Cash flow from operations (US$ million)
Change (y-o-y)
4.4
6.8
+1.0%
-14.9%
EBITDA margin, %
80.1%
72.8%
Average sales price in (US$/MWh)
56.4
56.4
Change (y-o-y)
-4.5ppts
-6.2ppts
Change (y-o-y)
+3.9%
+6.2%
Dividend payment (US$ million)
2.0
Change (y-o-y)
NMF
-4.8%
63View entire presentation