EBRD allocates credit for reconstruction of Power Station in Mingachevir

According to the information given from the bank to APA, the credit is allocated with the state guarantee and supports reforms in energy sector of Azerbaijan. Meanwhile, this is the biggest station in Azerbaijan. Repairs will be carried out in 7 blocks of the station due to the draft. USD 135million is demanded for realizing these repairs. Credit is given with the standard conditions of the bank for 15 years. Meanwhile, Azerbaijan governments also allocate USD 20 million for the reconstruction. ANS