Adjaristsqali Georgia LLC (AGL)
Adjaristsqali Georgia LLC (AGL) is the special purpose vehicle set up to develop the hydropower resources on the Adjaristsqali River and its tributaries, in the Autonomous Republic of Adjara, in South Western Georgia. AGL is a joint venture between India’s Tata Power and Norway’s Clean Energy Invest (40 percent each), and IFC, a member of the World Bank Group (20 percent). IFC has supported the project since its early development, through IFC InfraVentures, which is an early stage project developer launched by IFC. The joint objective is to develop the Adjaristsqali project as a sustainable project from an environmental, technical and economic point of view.