Investment competition for sale of 99.22% shares of the Dashkesan ore-dressing plant failed again. Investors have shown interest in this company, for the development of which the state requires to invest not less than $600 million.
This week has expired the period for acceptance of proposals for privatization of "Daskesan Filizsaflasdirma". The seller, the State Committee for Property Affairs (SCPA) does not comment on the reasons for the absence of submission of applications for the acquisition of the company.
Investors have been given a two-month period for submitting applications, which expires on March 31.The SCPA changed one of the conditions to investors. The minimum size of the bonus for the privatization of shares reduced from 110 million to 100 million manat.
In the autumn of 2016 the government attracted through tender for the privatization of this attracted an international consultant – the KPMG Azerbaijan company. In the case of the privatization the company will receive from the winner 160.000 manat. -08D-
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review