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ADB Begins Drafting Electricity Distribution Networks in Azerbaijan
The mission of the Asian Development Bank (ADB) began August 24 two-week operation in Azerbaijan in order to prepare the first draft to improve the electricity network.
The job is done in the framework of the investment program to improve the electricity network in conjunction with OJSC Azerishyg, which is a state monopoly in power distribution.
In May of this year in Baku during the 48th annual meeting of the ADB, a memorandum was signed with the government on the program for the modernization of the electricity distribution network in Azerbaijan in the amount of $ 1 billion, of which $ 750 million will be provided by the ADB and $ 250 million will be given by the government. -0-
Economics
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