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Transform Utility Performance. Deliver Measurable Results.

Meet the Team

Our team brings decades of experience working with state-owned and privately operated utilities across emerging and developed markets, delivering practical, implementable turnaround and modernization programs that reduce losses, improve service quality, strengthen financial sustainability, and restore stakeholder confidence.

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Non Executive Director

David Sharashenidze

David specializes in utility turnaround, performance improvement, and managing complex organizational change across the energy and utilities sectors. He has led major transformation and infrastructure advisory engagements across the Middle East, Europe, Asia, and Africa, covering project development, due diligence, and implementation. He is the Managing Partner at NEOS, and holds advanced degrees in energy management, business law, and organizational leadership.

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Partner

Dr. Mamuka Kikalishvili

Mamuka is a senior utility executive specializing in performance turnaround and operational transformation across electricity, water, and gas utilities. He has led large-scale organizational and operational improvement programs for assets owned by major infrastructure groups, including AES Corporation and KazTransGas, delivering measurable performance outcomes. He holds a Ph.D. in Electrical Engineering and brings deep technical and executive leadership experience to complex utility transformation assignments.

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Partner

Sergo Gviniashvili

Sergo is a senior utility executive and advisor specializing in performance improvement and turnaround across electricity, gas, and multi-utility environments. He has served in C-level roles, including Chief Financial Officer, and led transformation strategies and performance improvement programs across Europe, Asia, and Africa, bringing deep operational and financial leadership to complex utility assignments. He has also served as the advisor for a state-owned energy security provider. Sergo holds a degree in finance.

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Senior Director

George Tskhadadze

George is a senior utility executive and turnaround specialist with deep experience in business strategy, operational execution, financial modeling, and performance improvement. He has served as Chief Executive Officer of a water utility and led electric utility turnaround programs, acting as a crisis manager to restructure organizations, reduce losses, increase revenues, and stabilize operations. His work combines hands-on leadership with disciplined project management to deliver measurable outcomes.

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Senior Director

Ucha Uchaneishvili

Ucha is a senior power system executive and utility operations leader specializing in transmission system operations, system planning, and performance improvement. He has held executive and board-level roles at national power system operators and utilities, leading grid operations, market readiness, energy balancing, system rehabilitation, and regulatory coordination across complex power systems. He is a qualified electrical engineer with decades of hands-on experience.

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Director

Giorgi Lomidze

Giorgi is a utility performance improvement specialist with deep hands-on experience across the full commercial cycle of electricity distribution utilities. He has led loss reduction, revenue protection, metering, and customer service transformation initiatives for utilities in Europe, Africa and Asia, combining analytical rigor with practical operational leadership. His background spans commercial operations, planning, and infrastructure project delivery.

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Director

Tekla Natsarishvili

Tekla is a utility finance and performance improvement specialist with experience across electricity and water utilities, focusing on strategic planning, commercial optimization, and institutional strengthening. She has supported utility transformation programs through financial analysis, tariff and investment planning, donor coordination, and implementation of performance-focused initiatives in emerging markets. Her work bridges strategic finance and practical execution, supporting utilities in improving sustainability, governance, and operational outcomes.

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Director

Vato Khavtasi

Vato is a utility performance improvement and regulatory specialist with experience across electricity and gas utilities, government institutions, and infrastructure development programs. He has led regional turnaround initiatives across Europe, Asia and Africa, supported sector-wide planning and reform, and managed complex stakeholder environments. Trained as a lawyer with an MBA, he brings strong regulatory, commercial, and analytical capabilities to utility transformation assignments.

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Director

Ekaterina Tikaradze

Ekaterina is a senior utility operations manager with extensive experience in customer service, billing, and commercial performance improvement. She has managed large service centers and regional operations, leading process redesign, customer engagement improvements, and revenue protection initiatives. Her work is characterized by a strong execution focus and practical implementation of utility reforms.

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Director

Levan Dograshvili

Levan is a utility operations and health & safety leader specializing in performance improvement, loss reduction, and operational risk management. He has led turnaround efforts across electricity and water utilities and brings deep experience in network operations and HSE transformation. He is a NEBOSH- and IOSH-certified practitioner, supporting safe and reliable utility operations.

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Latest Insights

Who We Are

We are a specialized advisory firm within the NEOS Group, focused on improving the operational, financial, and institutional performance of utilities:

 

  • Electricity Generation, Transmission & Distribution

  • Water and Wastewater Treatment and Distribution

  • Gas Utilities

  • District Heating

 

 We support the full performance improvement lifecycle—from diagnostics and strategy to implementation and capability building—combining rigorous analysis with hands-on operational leadership.

 

Our team delivers practical turnaround and modernization programs that reduce losses, strengthen financial sustainability, and restore service quality and stakeholder confidence across utilities in emerging and developed markets.

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Power Towers Landscape
Natural Water System

Projects

A Consistent Record of Successful Utility Turnarounds

Across electricity, water, gas, and heat utilities, our team consistently delivered successful performance turnarounds—stabilizing operations, significantly reducing losses, strengthening revenue and financial sustainability, restoring service reliability, and rebuilding institutional capacity in complex operating environments.

Electricity Meter Panel

Georgia

Loss Reduction & Performance Turnaround

Electricity

Girl Drinking Water

Georgia

NRW Reduction & Performance Turnaround

Water

Gas Stove Burners

Georgia

Loss Reduction & Operational Turnaround

Gas

Electrical Line Repair

Albania

Loss Reduction & Operational Turnaround

Electricity

Checking the electricity box

Kosovo

Loss Reduction & Restructuring

Electricity

Illuminated Light Bulb

Papua New Guinea

Loss Reduction & Performance Turnaround

Electricity

Data Dashboard Display

Oman

Loss Baselining & Meter to Cash Framework

Electricity

Water Purifier Setup

Oman

NRW Reduction & Strategic Planning

Water

Utility Meters Row

Tunisia

Loss Reduction & Transformation Planning

Electricity & Gas

White Radiator Close-Up

Ukraine

Loss Reduction & Transformation Planning

District Heating

Electrician at Work

Nigeria

Loss Reduction & Performance Turnaround

Electricity

Fixing Electricity Lines

Kyrgyzstan

Loss Reduction & Transformation Planning

Electricity

Electrical Substation Equipment

Colombia

Loss Reduction & Transformation Planning

Electricity

Stock Market Display

Moldova

Capacity Building & Transformation

Electricity & Gas

Electrician at Work

Kenya

Strategy & Business Transformation Planning

Electricity

What Clients Say

01

Private Investor – Electricity Utility

The team rapidly reduced losses, stabilized operations, and restored investor confidence through disciplined, hands-on execution.

02

Municipality – Water Utility

The team delivered a significant reduction in NRW while improving service reliability, operational efficiency, and financial discipline.

03

Government Agency - Gas Utility

The management team achieved a rapid decrease in losses and strengthened revenue control within a complex public-sector environment.

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