ADB extends $160 million to Azerbaijan

The SB Office in Baku said the loan from the bank’s ordinary capital resources (OCR) will be available for Azerbaijan by late September.

The project envisions enhancement of the capacity of the power transmission system and reduction of the regional imbalance in economic growth through providing adequate and reliable power supply.

The project is estimated at a total of $240 million, with $80 million to be allocated by AzerEnerji company.

/APA/