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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The State Oil Company of Azerbaijan (SOCAR) will begin issuing "green" bonds on January 15, with a total issuance volume of USD 200 million, according to an official SOCAR statement cited by Turan.
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On January 10, 2025, Azerbaijani President Ilham Aliyev signed a decree dismissing Samir Sharifov from his position as Minister of Finance. Having held this role since 2006, Sharifov has been appointed Deputy Prime Minister, marking a shift in his responsibilities while maintaining his influence within the government.
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Azerbaijan's gas exports to the EU via the Southern Gas Corridor (SGC) have sharply decreased since January 7, due to technical issues at a strategic facility in Azerbaijan, according to Turan, citing multiple sources.
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During a press conference in Baku on Friday, Deputy Minister of Digital Development and Transport of Azerbaijan, Rahman Hummatov, highlighted the country's significant achievements and future plans in transport infrastructure.
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