ECONOMY
FOR EQUIPMENT UPGRADING OF THE ENERGY SYSTEM OF AZERBAIJAN
As was earlier reported, this company won the tender issued by the European Bank for Reconstruction and Development (EBRD). The government of Azerbaijan, Azerenergy JSC and the EBRD have reached a preliminary agreement to obtain a credit facility of USD50-60 from the bank to modernize energy objects and increase the reliability of the transmission system, at the same time reducing energy loss along the line.
Earlier experts from Burns and Roe Enterprises carried out a series of trips in Azerbaijan acquainting themselves with the situation on the ground and conditions of these energy objects in the country, most of all, the thermal electricity stations. On the bases of the received data a report was prepared which outlines the immediate steps to be taken necessary to increase the generating capacity of the energy systems of Azerbaijan, improve electricity supply to consumers and the effectiveness of the energy system of Azerbaijan.
During the present visit of the mission of the company, the head of this project, Dennis Chirac, will have to coordinate the preliminary report with Azerbaijani specialists, after which the final and amended variant will be submitted to the management of Azerenergy and the EBRD.