Owners

The shareholders/owners of AGL are Clean Energy Invest AS (Norway), and Tata Power (India). 

Clean Energy Invest AS entered the Georgian market in 2010 after a competitive tender, for which three companies submitted bids. Following the receipt of the license for the Adjaristsqali Hydropower Cascade, CEI partnered with IFC in 2011. India’s largest integrated power company, Tata Power joined the consortium for developing the project in 2013.

Clean Energy Invest AS and Tata Power own 50% of each project.