The consideration of the Asian Development Bank (ADB) loan of $ 1 billion for the project for the network of JSC Azerishig operator in the framework of the multi-tranche financing program "Investment program to enhance the distribution of electricity in Azerbaijan" has been moved from 20 April to 27 May .
According to the information on the official website of the bank, a week after the general meeting the Board of Directors will consider the first tranche of the program (it was scheduled for 27 April, and now - June 3).
The funding is provided in three equal tranches of $ 250 million, Intended for 7 regional electricity distribution networks (Lowland, Baku, South, West, Central Lowland, North and North-West).
Specific weight of the Azerbaijani government in financing the project will be $ 250 million. The total amount will be determined at the level of $ 1 billion. --17D-
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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