GCG Capital has excessive funds available that it uses to approve mergers and acquisitions. In Sept 2018, the board approved a fund of $290 million. The basic purpose for the fund approval was to allow its subsidiary to expansion.
GCG Capital allocated this fund to its subsidiary company, GNZ Energy, which will use this fund to acquire Simav Enerji of Turkey. After the acquisition, it will establish a 70 MWe geothermal energy plant.