TODAY.AZ / Business

$40,000,000 allocated for construction of wind power plant in Azerbaijan

07 February 2008 [18:25] - TODAY.AZ
The European Bank for Reconstruction and Development has provided financial assistance for implementation of 80 projects in Azerbaijan in the total amount of $720,000,000.

The due information has been provided by Novosti-Azerbaijan with reference to the press service for the Ministry of Energy and Industry.

Azerbaijan maintains active cooperation with a number of big foreign financial institutions  in the sphere of energy. It is planned to construct a wind power plant in Gobustan under agreement with Korean STX. $40,000,000 have been allocated for the purpose.

The press service for the Ministry of Energy also noted that the implementation of a project with the use of biomass will be launched for the first time in Azerbaijan in Khynalyg village of Guba in the near future.


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