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

URL: http://www.today.az/news/business/38421.html

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