Consideration of the Asian Development Bank (ADB) on the loan of $ 1 billion for the project of the electricity network operator OJSC Azerishig within the framework of multi-tranche financing Investment Program for Increased Distribution of Electricity in Azerbaijan has been again postponed - now from May 27 to June 7.
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 June 3, and now for June 14).
Funding is provided in three equal tranches of $ 250 million intended for 7 regional electricity distribution networks (Aran, Baku, South, West, Central Aran, North and North-West).
Specific weight of the Azerbaijani government in financing the project will be $ 250 million and the total amount will be determined at the level of $ 1 billion. --17D-
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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