EuroBank representative in Baku discussed the credits for AzGRES

As Trend reports, Azerbaijan is one of the leading countries in CIS and East Europe on the amount of investments per capita, the minister said. According to the United Nations Commission on Trade and Development (UNCTAD) evaluation Azerbaijan was recognized as the number one country in CIS by the amounts of infestations in 2005, he said. The visit of the EuroBank Director - Jean Limier to Baku was also discussed at the meeting.

AzGRES financing project was discussed at the meeting between the EuroBank representative and the Azerbaijani minister. The project's cost is $150m. Bank has already submitted the loan conditions list to the government.

PA Consulting has earlier prepared the project `s technical- economical justification. The fifth energetic bloc of the station was repaired by the entity together with "Force Machines" Saint-Peterborough factory experts with their own means this February. Its power was expanded from 100-130?Bt to 330MBt with the substantial reduction in the fuel consumption. All other energetic blocs of the station are working with the half of their capacity due to their old conditions.