TODAY.AZ / Business

KfW to extend loan to development of energy sector in Azerbaijan

21 February 2007 [08:05] - TODAY.AZ
Supervisory Control and Data Acquisition (SCADA) system installation project has continued to progress and completion of Phase 1 will be marked in a few days.

The project was implemented by Siemens through funding by Germany's KfW Bank, Azerenergy press service told APA.

KfW Vice President will also visit Baku to meet with heads of relevant bodies and discuss new country strategy with Azerbaijan.

KfW Officer in Baku Natig Abdullayev said the Bank financed two programs on rehabilitation of supply infrastructure in Azerbaijan.

Negotiation between Azerenergy and KfW Bank on financing of supply line construction from Imishli-Azerbaijan Power Plan to Mingechevir AzIES Power Plant (195 meters) is under way.

URL: http://www.today.az/news/business/36785.html

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