Caucasus Energy & Infrastructure (CEI) is a joint stock company organised in compliance with the Georgian legislation. CEI holds a mandate to invest in Transcaucasian companies engaged in the production, transmission and distribution of gas and electricity.
CEI raised USD 50 million from institutional investors in its IPO in February 2008. The offering was the largest ever in
In Q3 2009, CEI obtained a license for the construction and operation of a 48 MW hydropower plant on the
The company currently represents the sole investable vehicle admitted to trading on the Georgian Stock Exchange (the “GSE”), which offers investors a broad exposure to the Georgian energy sector. The main market for CEI shares is the GSE, where the company trades under the ticker NRGY.
In March 2008, CEI appointed Bank of New York Mellon as the depository bank for its Global Depository Receipts programme. One GDR represents ten local shares.