Georgia-Urban Enerji LLC("GUE") was incorporated on 11 February 1999 and is domiciled in Georgia. GUE has been set up as a limited liability company in accordance with Georgian regulations. GUE is 90% owned by Anadolu Kafkasya Enerji Yatırımları Anonim Şirketi, a subsidiary of Anadolu Endustri Holding A.S. The remaining 10% of the share capital is owned by the European Bank for Reconstruction and Development ("EBRD"). Anadolu Endustri Holding A.Ş. has 89.19% share and Paravani Energy B.V. has 10.81% share of Anadolu Kafkasya Enerji Yatırımları A.Ş. GUE's principal business activity is generation and sale of electric power. GUE completed the construction of Paravani Hydro Electric Power Plant ("Paravani HEPP") in August 2014. Starting from October 2014, generation of electricity is carried out at the Paravani HEPP which is also operated by GUE.