ADB Postponed Credit to Azerishig

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-

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