The Sumgait technological park’s cable plant has started trial manufacture of high voltage cables with the voltage 500 KW, reported STP.
“The plant is equipped with German equipment and until now it manufactured cables with the voltage of 10, 35, 110 and 220 KV. First time in the history of Azerbaijan’s industry the plant has started manufacture of high voltage cables 5000 KV,” reads the STP information quoting Director of the plant Adygezal Rakhmanov.
Currently high voltage cables are manufactured on a trial basis and we have already produced 1 km cable with 500 KV voltage.
“The next stage is to obtain certificate of compliance of the product to the European standards and its sale at the market,” said Director.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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