Array
Array
Array
Array
Array
  • Region's Energy Expert
  • Important Global Energy Link
  • Diversified business portfolio
  • Professional, Dynamic, Growing

Financing Students and the Youth Art Center in Poti

David Iakobachvili to provide financing to the students and youth of Poti

Petrocas Energy Group company, which is a holding owned by the well-known businessman David Iakobachvili, and whose assets include the oil terminal in Poti knows as Channel Energy, as part of the Group’s corporate social responsibility initiatives, is planning to support professional development of the youth in Poti. In particular, the company will provide financing those 20 students who successfully passed their national examinations this year (2013) but could not continue their studies due to financial difficulties.


Besides, under the auspices of David Iakobachvili’s company, the Youth Art Center of Poti will be financed to renew its functioning. The company leadership in collaboration with the City Majority MP and the self-governing bodies have elaborated a development plan of the existing center. The Petrocas Energy Group company will refurbish and equip the Center in accordance with the contemporary requirements. The Center of Education will serve for more than a hundred young residents of Poti who will study the English language and the information technologies there. The expenses related to the administrative functioning of the courses will also be covered by the Company. Moreover, in the future, the Group will take care of the internship and employment of the young people that get financed.


Here is what the Chief Executive Office of Petrocas Energy Group Mr Ivane Nakaidze says about the initiative of the Holding and its subsidiaries: “Our initiative serves one of the most important purposes for the development of our country – support of education. Education must be made available to the young people of Poti because we believe that education including professional training is the most successful investment into the wellbeing of a country. We are seeking to establish a corporate responsibility principle and therefore appeal to the companies operating in Poti in similar projects. I would also like to add that through the companies comprising our holding we currently employ 120 people in Poti alone, another 36-million project, which is underway and once it’s complete it will employ another 100 people by the end of 2013.”