Today.Az » Business » Azerbaijan works on power network reconstruction program
28 March 2007 [22:37] - Today.Az
Azerenergy, State Electricity Company, has sent the Government the draft program aimed at reconstruction of power grids, networks and stations in the country, said Company Vice-President Marlen Asgarov.
He said the low-voltage system has become obsolete for 70 years. "Reconstruction works require a great amount of funding. We will need some $300 million. This can come from the state budget," he noted. He added that some part of the funding can also be borrowed from foreign banks. APA-Economics
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